Russell Investments Group Ltd. Boosts Stake in Zillow Group, Inc. (NASDAQ:Z)

Russell Investments Group Ltd. increased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,014 shares of the financial services provider’s stock after acquiring an additional 948 shares during the period. Russell Investments Group Ltd.’s holdings in Zillow Group were worth $1,556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $55,000. Assetmark Inc. raised its holdings in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 741 shares during the period. Blue Trust Inc. raised its holdings in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 137 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 579 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods started coverage on Zillow Group in a research report on Friday, March 28th. They issued a “market perform” rating and a $80.00 target price for the company. 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 research note on Tuesday, February 11th. Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Morgan Stanley boosted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.71.

Zillow Group Price Performance

Z stock opened at $62.57 on Friday. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of -133.13, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19. The company has a 50-day moving average of $71.07 and a two-hundred day moving average of $73.12.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results 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 net margin of 5.01% and a negative return on equity of 2.12%. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. 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 1.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 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 $541,475.24. Following the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,919 shares of company stock valued at $7,869,478. 23.76% of the stock is currently owned by corporate insiders.

About Zillow Group

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.