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

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 267.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Zillow Group worth $14,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Zillow Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock worth $113,941,000 after acquiring an additional 11,727 shares during the period. Proficio Capital Partners LLC purchased a new position in Zillow Group during the 4th quarter valued at about $7,375,000. IVY Lane Capital Management LLC grew its stake in Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after acquiring an additional 35,000 shares in the last quarter. Donoghue Forlines LLC acquired a new stake in shares of Zillow Group during the 4th quarter valued at about $1,932,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Zillow Group during the 3rd quarter valued at about $6,267,000. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Down 4.6 %

Zillow Group stock opened at $68.37 on Friday. The business’s 50-day simple moving average is $77.92 and its 200 day simple moving average is $71.77. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of -145.47, a P/E/G ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39.

Zillow Group (NASDAQ:Z) last issued its earnings results 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 return on equity of 2.12% and a negative net margin of 5.01%. As a group, sell-side analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Transactions at Zillow Group

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This trade represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock valued at $7,660,165 over the last 90 days. 23.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on Z. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley boosted their target price on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Five 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.00.

About Zillow Group

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.