Arrowstreet Capital Limited Partnership Acquires 241,331 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 1,261.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,465 shares of the technology company's stock after acquiring an additional 241,331 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.11% of Zillow Group worth $18,454,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after acquiring an additional 172 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth about $47,000. Assetmark Inc. grew its stake in Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after buying an additional 755 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after acquiring an additional 159 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in Zillow Group during the fourth quarter worth approximately $63,000. Institutional investors own 20.32% of the company's stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the 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 sale, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,919 shares of company stock worth $7,869,478. Insiders own 17.14% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently commented on the stock. DA Davidson upped their price target on shares of Zillow Group from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. KeyCorp dropped their price target on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Benchmark raised their price objective on Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Susquehanna increased their target price on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.25.

Zillow Group Stock Performance

Shares of NASDAQ ZG traded down $2.46 during midday trading on Tuesday, hitting $60.51. 326,857 shares of the stock traded hands, compared to its average volume of 609,793. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58. The business has a 50 day moving average price of $73.68 and a two-hundred day moving average price of $70.94. The company has a market cap of $14.68 billion, a PE ratio of -128.74, a P/E/G ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal 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.