Tower Research Capital LLC TRC Increases Holdings in Zillow Group, Inc. (NASDAQ:Z)

Tower Research Capital LLC TRC raised its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 144.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,609 shares of the financial services provider's stock after acquiring an additional 6,271 shares during the period. Tower Research Capital LLC TRC's holdings in Zillow Group were worth $786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Zillow Group by 0.8% in the 4th 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 bought a new position in shares of Zillow Group during the fourth quarter valued at $7,375,000. Vinva Investment Management Ltd purchased a new stake in shares of Zillow Group during the fourth quarter valued at $1,187,000. Donoghue Forlines LLC bought a new stake in Zillow Group in the 4th quarter worth about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in 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 worth $3,267,000 after buying an additional 6,900 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Trading Up 0.7 %

Zillow Group stock opened at $66.27 on Friday. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of -141.00, a P/E/G ratio of 9.24 and a beta of 2.19. The firm has a 50 day moving average of $69.51 and a 200 day moving average of $73.19.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) 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 predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on Z shares. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. William Blair began coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods initiated coverage on Zillow Group in a report on Friday, March 28th. They set a "market perform" rating and a $80.00 price target on the stock. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Seven 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.71.

Insider Activity

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock worth $7,869,478 over the last ninety days. Corporate insiders own 23.76% of the company's stock.

About Zillow Group

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.

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