Ieq Capital LLC Increases Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Ieq Capital LLC raised its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 40.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,323 shares of the financial services provider’s stock after acquiring an additional 8,489 shares during the period. Ieq Capital LLC’s holdings in Zillow Group were worth $2,171,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of Z. FMR LLC increased its position in Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Zillow Group by 3.2% in the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider’s stock valued at $267,895,000 after acquiring an additional 111,231 shares during the period. Groupama Asset Managment purchased a new position in shares of Zillow Group in the 3rd quarter valued at $83,005,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Zillow Group in the 3rd quarter valued at $38,310,000. Finally, Bridgewater Associates LP raised its position in Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after purchasing an additional 424,615 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the firm’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 $99,248.44. Following the sale, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $541,475.24. Following the completion of the transaction, the insider now owns 127,467 shares of the company’s stock, valued at $9,906,735.24. The trade was 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 55,838 shares of company stock valued at $4,617,389. 23.76% of the stock is currently owned by company insiders.

Zillow Group Trading Down 4.4 %

NASDAQ:Z opened at $74.91 on Monday. The firm’s 50 day moving average is $78.39 and its 200 day moving average is $69.93. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The stock has a market capitalization of $18.17 billion, a PE ratio of -159.38, a price-to-earnings-growth ratio of 9.24 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. Research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

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.