Zillow Group, Inc. (NASDAQ:Z) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 267.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,480 shares of the financial services provider's stock after purchasing an additional 145,889 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Zillow Group worth $14,846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in Zillow Group by 7,410.0% in the 4th 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. lifted its stake in shares of Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after buying an additional 137 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Zillow Group during the third quarter valued at $74,000. Smartleaf Asset Management LLC increased its position in shares of Zillow Group by 53.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after acquiring an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after acquiring an additional 579 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

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Zillow Group Trading Up 0.5 %

Zillow Group stock traded up $0.36 during midday trading on Monday, hitting $70.94. 2,559,624 shares of the stock were exchanged, compared to its average volume of 3,395,269. The stock's 50-day simple moving average is $77.74 and its 200 day simple moving average is $72.05. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of -150.94, a PEG ratio of 9.24 and a beta of 2.27.

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 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%. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now 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. In the last three months, insiders have sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Z has been the topic of a number of research reports. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price target on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.00.

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.