Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,114 shares of the financial services provider's stock after purchasing an additional 6,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Zillow Group were worth $3,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mackay Shields LLC acquired a new position in shares of Zillow Group in the fourth quarter worth about $17,496,000. Wealthspire Advisors LLC grew its stake in Zillow Group by 48.7% during the 4th quarter. Wealthspire Advisors LLC now owns 6,167 shares of the financial services provider's stock valued at $457,000 after acquiring an additional 2,021 shares in the last quarter. O Neil Global Advisors Inc. purchased a new stake in shares of Zillow Group in the 4th quarter valued at approximately $507,000. Handelsbanken Fonder AB grew its stake in shares of Zillow Group by 2.4% in the 4th quarter. Handelsbanken Fonder AB now owns 46,600 shares of the financial services provider's stock valued at $3,451,000 after buying an additional 1,100 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of Zillow Group by 40.7% in the 4th quarter. Ieq Capital LLC now owns 29,323 shares of the financial services provider's stock valued at $2,171,000 after buying an additional 8,489 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Baird R W upgraded shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Morgan Stanley raised their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Finally, Wedbush reissued an "outperform" rating and set a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Five 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $82.00.

Insider Transactions at Zillow Group

In related news, CAO Jennifer Rock sold 5,796 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were 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 $3,878,435. This trade 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 this link. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. The trade was a 19.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,098 shares of company stock worth $3,611,337. Company insiders own 23.76% of the company's stock.

Zillow Group Price Performance

Shares of Z stock traded up $0.34 during mid-day trading on Friday, hitting $76.66. The stock had a trading volume of 2,845,306 shares, compared to its average volume of 2,856,046. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The firm has a market cap of $18.59 billion, a PE ratio of -163.11, a PEG ratio of 9.24 and a beta of 2.03. The company's 50-day simple moving average is $78.27 and its 200-day simple moving average is $70.57.

Zillow Group (NASDAQ:Z - Get Free Report) last released its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) 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%. On average, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Zillow Group 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.