Vinva Investment Management Ltd Acquires Shares of 15,913 Zillow Group, Inc. (NASDAQ:Z)

Vinva Investment Management Ltd purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,913 shares of the financial services provider's stock, valued at approximately $1,187,000.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. grew its position in shares of Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock worth $56,000 after purchasing an additional 741 shares in the last quarter. Blue Trust Inc. grew its holdings in Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after buying an additional 137 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Zillow Group during the third quarter valued at approximately $74,000. Smartleaf Asset Management LLC lifted its holdings in shares of Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after buying an additional 367 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Zillow Group by 86.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after acquiring an additional 579 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Insider Activity

In other news, CFO Jeremy Hofmann sold 1,612 shares of the company'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 transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Jun Choo sold 1,277 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 in the last three months. 23.76% of the stock is currently owned by corporate insiders.

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Zillow Group Stock Performance

Z traded down $0.09 during trading on Tuesday, hitting $73.56. The stock had a trading volume of 2,676,836 shares, compared to its average volume of 3,312,191. The stock has a 50 day simple moving average of $77.63 and a two-hundred day simple moving average of $72.74. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The company has a market capitalization of $17.84 billion, a PE ratio of -156.51, a PEG ratio of 9.24 and a beta of 2.27.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on Z shares. Wedbush reissued an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Morgan Stanley boosted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Baird R W upgraded Zillow Group to a "hold" rating in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $82.00.

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.