Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 1,309.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,371 shares of the financial services provider's stock after buying an additional 61,663 shares during the period. Assenagon Asset Management S.A.'s holdings in Zillow Group were worth $4,915,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider's stock valued at $325,337,000 after acquiring an additional 3,272,118 shares during the last quarter. Dorsal Capital Management LP lifted its stake in shares of Zillow Group by 59.8% in the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider's stock valued at $143,809,000 after purchasing an additional 1,160,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Zillow Group by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider's stock worth $66,032,000 after purchasing an additional 139,489 shares during the period. Groupama Asset Managment bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $83,005,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Zillow Group during the 3rd quarter valued at $38,310,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Stock Performance

Shares of Z stock traded up $0.22 on Tuesday, hitting $78.08. The company had a trading volume of 2,466,647 shares, compared to its average volume of 2,585,101. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market cap of $18.24 billion, a P/E ratio of -136.98, a price-to-earnings-growth ratio of 13.33 and a beta of 2.02. The company has a 50-day moving average price of $77.87 and a 200-day moving average price of $64.50.

Wall Street Analyst Weigh In

Z has been the topic of a number of analyst reports. Bank of America upped their target price on Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Morgan Stanley increased their target price 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. Jefferies Financial Group boosted their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $72.83.

Insider Buying and Selling

In related news, General Counsel Bradley D. Owens sold 1,212 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the transaction, the general counsel now directly owns 31,739 shares of the company's stock, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 3,033 shares of Zillow Group stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the sale, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,689 shares of company stock valued at $10,395,879. Corporate 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.