Los Angeles Capital Management LLC Takes $804,000 Position in Zillow Group, Inc. (NASDAQ:Z)

Los Angeles Capital Management LLC acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 10,853 shares of the financial services provider’s stock, valued at approximately $804,000.

Several other large investors have also recently bought and sold shares of Z. Private Advisor Group LLC purchased a new position in Zillow Group in the third quarter valued at about $204,000. Assenagon Asset Management S.A. acquired a new stake in shares of Zillow Group in the 3rd quarter worth approximately $301,000. abrdn plc grew its holdings in shares of Zillow Group by 98.0% in the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 24,247 shares during the period. First Trust Direct Indexing L.P. purchased a new position in Zillow Group in the 3rd quarter valued at approximately $215,000. Finally, Pinnacle Associates Ltd. raised its holdings in Zillow Group by 5.0% during the third quarter. Pinnacle Associates Ltd. now owns 18,373 shares of the financial services provider’s stock worth $1,173,000 after purchasing an additional 876 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now directly owns 127,467 shares in the company, valued at $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,098 shares of company stock valued at $3,611,337. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $76.66 on Monday. The firm has a market cap of $18.59 billion, a P/E ratio of -163.11, a price-to-earnings-growth ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The firm’s 50 day moving average price is $78.27 and its 200 day moving average price is $70.81.

Zillow Group (NASDAQ:Z) last posted 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%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley upped their target price on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target 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. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. 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 company’s stock. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $82.00.

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.