Canada Pension Plan Investment Board Grows Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Canada Pension Plan Investment Board increased its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 12.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 214,600 shares of the financial services provider's stock after purchasing an additional 23,400 shares during the period. Canada Pension Plan Investment Board owned 0.09% of Zillow Group worth $15,891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ninety One UK Ltd increased its position in shares of Zillow Group by 3.2% in 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 purchasing an additional 111,231 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Zillow Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock worth $212,745,000 after buying an additional 28,728 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Zillow Group by 0.8% during 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 buying an additional 11,727 shares in the last quarter. Bridgewater Associates LP lifted its holdings in shares of Zillow Group by 38.3% during the 4th quarter. Bridgewater Associates LP now owns 724,532 shares of the financial services provider's stock worth $53,652,000 after acquiring an additional 200,760 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Zillow Group by 1,337.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider's stock worth $29,413,000 after acquiring an additional 369,580 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,919 shares of company stock worth $7,869,478. Company insiders own 23.76% of the company's stock.

Zillow Group Price Performance

NASDAQ Z traded up $1.55 during mid-day trading on Thursday, reaching $65.83. The stock had a trading volume of 1,671,136 shares, compared to its average volume of 3,351,988. The stock has a market cap of $15.97 billion, a PE ratio of -140.06, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The company has a fifty day moving average price of $69.80 and a 200 day moving average price of $73.07. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, equities research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on Z. Deutsche Bank Aktiengesellschaft increased their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley lifted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Keefe, Bruyette & Woods began coverage on Zillow Group in a report on Friday, March 28th. They set a "market perform" rating and a $80.00 target price for the company. Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. Finally, William Blair started coverage on shares of Zillow Group in a report on Monday. They issued a "market perform" rating on the stock. 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.71.

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.