Royal London Asset Management Ltd. Purchases 2,456 Shares of Zillow Group, Inc. (NASDAQ:Z)

Royal London Asset Management Ltd. boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,546 shares of the financial services provider’s stock after buying an additional 2,456 shares during the period. Royal London Asset Management Ltd.’s holdings in Zillow Group were worth $4,557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in Z. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Zillow Group in the 3rd quarter worth $234,000. Summit Trail Advisors LLC bought a new position in shares of Zillow Group in the 3rd quarter valued at about $567,000. Pekin Hardy Strauss Inc. grew its position in Zillow Group by 38.6% in the third quarter. Pekin Hardy Strauss Inc. now owns 18,950 shares of the financial services provider’s stock worth $1,210,000 after acquiring an additional 5,275 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Zillow Group by 8.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,736 shares of the financial services provider’s stock worth $749,000 after acquiring an additional 900 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in Zillow Group during the third quarter valued at approximately $223,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Up 0.4 %

Shares of NASDAQ:Z opened at $71.25 on Monday. The business’s 50 day moving average is $77.57 and its 200 day moving average is $72.60. The stock has a market cap of $17.28 billion, a P/E ratio of -151.60, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39.

Zillow Group (NASDAQ:Z) last posted 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 return on equity of 2.12% and a negative net margin of 5.01%. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other Zillow Group news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on Z. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley boosted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.00.

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.