AQR Capital Management LLC Decreases Stake in Zillow Group, Inc. (NASDAQ:Z)

AQR Capital Management LLC cut its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 84.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,995 shares of the financial services provider's stock after selling 32,716 shares during the quarter. AQR Capital Management LLC's holdings in Zillow Group were worth $278,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in Z. Concord Wealth Partners bought a new position in Zillow Group in the 1st quarter worth $26,000. Larson Financial Group LLC increased its stake in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider's stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Zillow Group in the 1st quarter worth about $37,000. Mather Group LLC. bought a new position in shares of Zillow Group in the 1st quarter worth about $62,000. Finally, Denver PWM LLC bought a new position in shares of Zillow Group in the 2nd quarter worth about $94,000. 71.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zillow Group

In related news, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now directly owns 2,826 shares of the company's stock, valued at $172,696.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now directly owns 2,826 shares of the company's stock, valued at $172,696.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the transaction, the chairman now owns 582 shares in the company, valued at approximately $29,583.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,999 shares of company stock valued at $11,780,363. 23.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Cantor Fitzgerald raised shares of Zillow Group to a "hold" rating in a research report on Thursday, September 5th. UBS Group raised shares of Zillow Group to a "strong-buy" rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Morgan Stanley raised their price objective on shares of Zillow Group from $46.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.20.

Zillow Group Trading Down 1.5 %

Shares of NASDAQ Z traded down $0.96 during mid-day trading on Thursday, reaching $62.63. The company had a trading volume of 2,557,764 shares, compared to its average volume of 3,801,275. The business's 50-day moving average is $58.94 and its 200-day moving average is $50.00. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of -90.77 and a beta of 1.95. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $68.73.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The company had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 million. Equities analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current 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.