Victory Capital Management Inc. Has $2.88 Million Position in Zillow Group, Inc. (NASDAQ:Z)

Victory Capital Management Inc. raised its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 52.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,947 shares of the financial services provider's stock after buying an additional 13,325 shares during the quarter. Victory Capital Management Inc.'s holdings in Zillow Group were worth $2,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC raised its position in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock worth $325,337,000 after buying an additional 3,272,118 shares during the period. Ninety One UK Ltd increased its stake in Zillow Group by 3.2% during the fourth quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock worth $267,895,000 after acquiring an additional 111,231 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $113,941,000 after purchasing an additional 11,727 shares during the period. Groupama Asset Managment purchased a new position in shares of Zillow Group in the 3rd quarter worth about $83,005,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Zillow Group in the 3rd quarter valued at about $38,310,000. Institutional investors and hedge funds own 71.01% of the company's stock.

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Analyst Upgrades and Downgrades

Z has been the subject of a number of analyst reports. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Baird R W raised Zillow Group to a "hold" rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Morgan Stanley upped their target price on Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $82.00.

Zillow Group Price Performance

Shares of Zillow Group stock traded up $0.37 on Thursday, hitting $70.94. The company had a trading volume of 2,629,398 shares, compared to its average volume of 3,335,401. The business has a 50-day simple moving average of $77.58 and a 200-day simple moving average of $72.24. The company has a market cap of $17.21 billion, a PE ratio of -151.89, 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.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates 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, equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. This represents a 10.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeremy Hofmann sold 23,388 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at $8,443,782.76. This represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock worth $7,660,165 in the last 90 days. 23.76% of the stock is owned by company insiders.

Zillow Group Company 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.