AustralianSuper Pty Ltd Purchases Shares of 63,927 Zillow Group, Inc. (NASDAQ:Z)

AustralianSuper Pty Ltd bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 63,927 shares of the financial services provider’s stock, valued at approximately $4,734,000.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group during the 3rd quarter worth approximately $35,000. Blue Trust Inc. raised its stake in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the period. Brooklyn Investment Group acquired a new position in shares of Zillow Group during the 3rd quarter worth approximately $74,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Zillow Group by 86.3% in the 4th 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 last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 245 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Up 1.6 %

Shares of NASDAQ:Z opened at $79.97 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $78.64 and a two-hundred day moving average of $68.55. The stock has a market cap of $18.68 billion, a P/E ratio of -140.30, a PEG ratio of 16.20 and a beta of 2.03. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39.

Zillow Group (NASDAQ:Z) last released its quarterly 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 2.33% and a negative net margin of 6.17%. On average, research analysts expect that Zillow Group, Inc. will post -0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley increased their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday. Jefferies Financial Group increased their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday. Five 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’s stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $82.00.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 23,388 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now owns 127,467 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 82,838 shares of company stock worth $6,619,079. 23.76% of the stock is currently owned by company 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.