99,597 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 99,597 shares of the financial services provider’s stock, valued at approximately $7,375,000.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC boosted 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 acquiring an additional 3,272,118 shares during the last quarter. Ninety One UK Ltd boosted its holdings in shares of Zillow Group by 3.2% during the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider’s stock worth $267,895,000 after purchasing an additional 111,231 shares during the last quarter. Groupama Asset Managment purchased a new stake in shares of Zillow Group in the third quarter valued at approximately $83,005,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Zillow Group in the third quarter valued at approximately $38,310,000. Finally, Bridgewater Associates LP lifted its position in Zillow Group by 428.2% during the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after buying an additional 424,615 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction 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. This represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,098 shares of company stock worth $3,611,337 over the last ninety days. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Trading Up 0.4 %

Shares of NASDAQ Z opened at $76.66 on Monday. The stock has a market cap of $18.59 billion, a P/E ratio of -163.11, a PEG ratio of 9.24 and a beta of 2.03. The business’s fifty day simple moving average is $78.27 and its 200-day simple moving average is $70.81. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data 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%. On average, equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.