Y Intercept Hong Kong Ltd Invests $2.78 Million in Zillow Group, Inc. (NASDAQ:Z)

Y Intercept Hong Kong Ltd bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 37,468 shares of the financial services provider's stock, valued at approximately $2,775,000.

A number of other large investors also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock worth $325,337,000 after acquiring an additional 3,272,118 shares in the last quarter. Ninety One UK Ltd raised its stake in shares of Zillow Group by 3.2% during the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider's stock worth $267,895,000 after purchasing an additional 111,231 shares in the last quarter. Groupama Asset Managment purchased a new stake in shares of Zillow Group during the 3rd quarter worth about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $38,310,000. Finally, Bridgewater Associates LP grew its stake in shares of Zillow Group by 428.2% in the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider's stock valued at $33,443,000 after buying an additional 424,615 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Transactions at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This trade represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,098 shares of company stock worth $3,611,337 over the last 90 days. 23.76% of the stock is owned by insiders.

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Analyst Ratings Changes

A number of brokerages have weighed in on Z. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. 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 report on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Five 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

Zillow Group Stock Performance

Shares of NASDAQ Z traded up $0.34 during mid-day trading on Friday, hitting $76.66. 2,845,302 shares of the stock were exchanged, compared to its average volume of 2,855,247. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The stock's fifty day simple moving average is $78.28 and its two-hundred day simple moving average is $70.39. The company has a market cap of $18.59 billion, a P/E ratio of -163.11, a PEG ratio of 9.24 and a beta of 2.03.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its earnings results 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%. As a group, equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.