KLP Kapitalforvaltning AS Makes New Investment in Zillow Group, Inc. (NASDAQ:Z)

KLP Kapitalforvaltning AS bought a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 45,768 shares of the financial services provider's stock, valued at approximately $3,389,000.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Zillow Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider's stock valued at $113,941,000 after acquiring an additional 11,727 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Zillow Group in the fourth quarter valued at approximately $7,375,000. Vinva Investment Management Ltd acquired a new position in Zillow Group in the 4th quarter worth approximately $1,187,000. Donoghue Forlines LLC acquired a new position in Zillow Group in the 4th quarter worth approximately $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Zillow Group by 18.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock worth $3,267,000 after acquiring an additional 6,900 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on Z shares. Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods began coverage on shares of Zillow Group in a research note on Friday. They set a "market perform" rating and a $80.00 target price on the stock. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $81.71.

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Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock valued at $7,869,478 over the last quarter. 23.76% of the stock is owned by insiders.

Zillow Group Price Performance

NASDAQ Z traded down $1.61 during trading hours on Friday, hitting $68.74. 1,988,094 shares of the company's stock traded hands, compared to its average volume of 3,333,521. The company has a market capitalization of $16.67 billion, a PE ratio of -146.26, a PEG ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The firm's 50-day moving average is $77.28 and its 200-day moving average is $73.20.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Zillow Group Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.