Coronation Fund Managers Ltd. Acquires 3,909 Shares of Zillow Group, Inc. (NASDAQ:Z)

Coronation Fund Managers Ltd. raised its holdings in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,003 shares of the financial services provider's stock after purchasing an additional 3,909 shares during the period. Zillow Group accounts for about 1.0% of Coronation Fund Managers Ltd.'s holdings, making the stock its 28th largest holding. Coronation Fund Managers Ltd. owned about 0.10% of Zillow Group worth $16,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock worth $32,000 after buying an additional 400 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Zillow Group in the 3rd quarter worth approximately $35,000. Blue Trust Inc. lifted its stake in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 313 shares during the period. Brooklyn Investment Group purchased a new position in shares of Zillow Group in the 3rd quarter valued at approximately $74,000. 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 valued at $94,000 after purchasing an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on Z. Wedbush reaffirmed an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Wednesday. Jefferies Financial Group lifted their price objective on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Bank of America increased their target price on Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research note on Friday, October 18th. Morgan Stanley lifted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

Zillow Group Stock Performance

Shares of Zillow Group stock traded up $0.50 on Thursday, hitting $78.71. 5,768,530 shares of the company's stock were exchanged, compared to its average volume of 2,978,463. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The company has a 50-day simple moving average of $78.73 and a 200-day simple moving average of $68.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The stock has a market capitalization of $18.38 billion, a PE ratio of -138.09, a PEG ratio of 16.20 and a beta of 2.03.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its quarterly earnings data 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 6.17% and a negative return on equity of 2.33%. As a group, equities analysts anticipate that Zillow Group, Inc. will post -0.42 EPS for the current year.

Insider Transactions at Zillow Group

In related news, CTO David A. Beitel sold 56,750 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the transaction, the chief technology officer now directly owns 92 shares of the company's stock, valued at approximately $6,659.88. This represents a 99.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Errol G. Samuelson sold 17,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total value of $1,250,690.00. Following the transaction, the insider now owns 22,739 shares of the company's stock, valued at $1,672,908.23. This represents a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,730 shares of company stock valued at $10,896,034 over the last 90 days. Company insiders own 23.76% of the company's stock.

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.