Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 1,261.3% in the fourth quarter, HoldingsChannel reports. The firm owned 260,465 shares of the technology company’s stock after acquiring an additional 241,331 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Zillow Group were worth $18,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Zillow Group in the fourth quarter worth $165,326,000. Long Corridor Asset Management Ltd grew its position in Zillow Group by 5.6% in the 4th quarter. Long Corridor Asset Management Ltd now owns 59,395 shares of the technology company’s stock valued at $4,208,000 after buying an additional 3,146 shares in the last quarter. Virtu Financial LLC increased its stake in Zillow Group by 101.3% during the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after buying an additional 211,482 shares during the period. Summit Global Investments bought a new stake in shares of Zillow Group during the 4th quarter worth about $364,000. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Zillow Group by 20.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 15,270 shares of the technology company’s stock worth $1,082,000 after acquiring an additional 2,633 shares during the period. Institutional investors own 20.32% of the company’s stock.

Insider Buying and Selling at Zillow Group

In related news, CFO Jeremy Hofmann sold 23,388 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This trade represents a 19.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock valued at $7,869,478 in the last quarter. Company insiders own 17.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ZG shares. Bank of America raised their price objective on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Susquehanna boosted their price objective on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Evercore ISI raised their target price on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Citigroup boosted their price target on shares of Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $88.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $82.25.

Zillow Group Trading Down 2.3 %

Shares of Zillow Group stock opened at $65.32 on Friday. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $86.58. The company has a market cap of $15.84 billion, a P/E ratio of -138.98, a P/E/G ratio of 8.90 and a beta of 2.22. The stock has a 50-day moving average price of $73.99 and a 200 day moving average price of $70.84.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 11th. The technology company 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%. On average, equities analysts forecast 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.