6,066 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,066 shares of the financial services provider’s stock, valued at approximately $449,000.

Several other institutional investors and hedge funds have also bought and sold shares of Z. Charles Schwab Investment Management Inc. raised its stake in Zillow Group by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after buying an additional 11,727 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Zillow Group in the 4th quarter worth $7,375,000. Vinva Investment Management Ltd bought a new position in shares of Zillow Group during the 4th quarter valued at about $1,187,000. Donoghue Forlines LLC bought a new position in shares of Zillow Group during the 4th quarter valued at about $1,932,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Zillow Group by 18.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock valued at $3,267,000 after purchasing an additional 6,900 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on Z. William Blair started coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. reduced their target price on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. Eight equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.71.

Zillow Group Stock Up 0.0%

Zillow Group stock opened at $68.27 on Friday. The firm has a market cap of $16.56 billion, a PE ratio of -145.26, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 52-week low of $39.05 and a 52-week high of $89.39. The company’s 50 day moving average is $67.30 and its two-hundred day moving average is $73.73.

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

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the company’s 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 sale, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 5,997 shares of Zillow Group stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the sale, the chief accounting officer now owns 58,320 shares of the company’s stock, valued at approximately $3,969,259.20. This trade represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,576 shares of company stock worth $7,137,096 in the last ninety days. 25.03% of the stock is owned by corporate insiders.

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.