XTX Topco Ltd Has $1.15 Million Stake in Zillow Group, Inc. (NASDAQ:Z)

XTX Topco Ltd raised its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,575 shares of the financial services provider’s stock after purchasing an additional 1,492 shares during the quarter. XTX Topco Ltd’s holdings in Zillow Group were worth $1,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of Z. PNC Financial Services Group Inc. lifted its position in Zillow Group by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock worth $706,000 after buying an additional 116 shares in the last quarter. Independent Advisor Alliance boosted its position in Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 120 shares during the last quarter. Blue Trust Inc. grew its stake in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Zillow Group by 2.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 148 shares during the last quarter. Finally, Savant Capital LLC raised its stake in shares of Zillow Group by 2.7% during the 4th quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In related news, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 98,919 shares of company stock worth $7,869,478. Company insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on Z. Wedbush reissued an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. 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. Morgan Stanley increased their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $81.71.

Zillow Group Stock Performance

Shares of Z opened at $64.09 on Wednesday. The company has a market cap of $15.55 billion, a price-to-earnings ratio of -136.36, a PEG ratio of 9.24 and a beta of 2.19. The stock has a fifty day moving average price of $72.55 and a two-hundred day moving average price of $73.16. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate 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, research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.