Geode Capital Management LLC Buys 28,728 Shares of Zillow Group, Inc. (NASDAQ:Z)

Geode Capital Management LLC raised its stake in Zillow Group, Inc. (NASDAQ:Z) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,878,124 shares of the financial services provider’s stock after buying an additional 28,728 shares during the period. Geode Capital Management LLC’s holdings in Zillow Group were worth $212,745,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Zillow Group by 1.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock valued at $706,000 after buying an additional 116 shares during the period. Independent Advisor Alliance increased its position in Zillow Group by 3.4% during the 4th 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 period. Blue Trust Inc. raised its holdings in shares of Zillow Group by 17.5% in the 4th 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. raised its holdings in shares of 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 valued at $529,000 after purchasing an additional 148 shares in the last quarter. Finally, Savant Capital LLC lifted its position in shares of Zillow Group by 2.7% in 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 during the period. 71.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. The trade was a 1.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction on 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 sale, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock worth $7,869,478 in the last 90 days. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Shares of Z stock opened at $66.54 on Monday. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of -141.57, a PEG ratio of 9.24 and a beta of 2.19. The stock’s 50-day simple moving average is $76.28 and its 200-day simple moving average is $73.46. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39.

Zillow Group (NASDAQ:Z) last issued its quarterly 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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on Z shares. Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a research note on Friday, March 28th. They issued a “market perform” rating and a $80.00 price objective for the company. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lifted their target price on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Six 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. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $81.71.

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.