American Assets Capital Advisers LLC Invests $504,000 in Zillow Group, Inc. (NASDAQ:Z)

American Assets Capital Advisers LLC purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,808 shares of the financial services provider’s stock, valued at approximately $504,000.

Several other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Zillow Group by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock worth $706,000 after acquiring an additional 116 shares during the period. Independent Advisor Alliance grew its stake in shares of Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 120 shares during the period. Blue Trust Inc. increased its holdings 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 during the last quarter. Savant Capital LLC lifted its stake in Zillow Group by 2.7% in the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock valued at $503,000 after buying an additional 179 shares during the period. Finally, True Vision MN LLC boosted its holdings in Zillow Group by 2.6% during the fourth quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock worth $550,000 after buying an additional 186 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on Z shares. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley upped their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Finally, Wedbush reiterated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Five equities research 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 stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the business’s 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction 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 $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,065 shares of company stock worth $7,660,165. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Z opened at $70.58 on Friday. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of -150.17, a P/E/G ratio of 9.24 and a beta of 2.27. The business’s 50-day moving average price is $77.74 and its two-hundred day moving average price is $71.94. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data 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%. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share 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.