Los Angeles Capital Management LLC Makes New $804,000 Investment in Zillow Group, Inc. (NASDAQ:Z)

Los Angeles Capital Management LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,853 shares of the financial services provider's stock, valued at approximately $804,000.

Other institutional investors also recently added to or reduced their stakes in the company. abrdn plc raised its position in shares of Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider's stock worth $3,128,000 after acquiring an additional 24,247 shares in the last quarter. IVY Lane Capital Management LLC increased its stake in Zillow Group by 35.0% in the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider's stock valued at $8,620,000 after purchasing an additional 35,000 shares during the last quarter. Donoghue Forlines LLC acquired a new stake in Zillow Group during the fourth quarter worth approximately $1,932,000. Thrivent Financial for Lutherans purchased a new stake in shares of Zillow Group during the 3rd quarter worth approximately $6,267,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Zillow Group by 18.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider's stock valued at $3,267,000 after buying an additional 6,900 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on Z. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Finally, Morgan Stanley upped their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and an average price target of $82.00.

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Zillow Group Price Performance

Z traded down $2.04 during trading on Thursday, reaching $74.87. 949,748 shares of the stock were exchanged, compared to its average volume of 2,824,119. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of -159.27, a P/E/G ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The business's 50 day moving average price is $78.16 and its two-hundred day moving average price is $71.15.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly 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%. On average, analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,098 shares of company stock valued at $7,911,237. 23.76% of the stock is owned by insiders.

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.