Charles Schwab Investment Management Inc. Raises Stake in Zillow Group, Inc. (NASDAQ:Z)

Charles Schwab Investment Management Inc. lifted its position in Zillow Group, Inc. (NASDAQ:Z) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,538,709 shares of the financial services provider’s stock after purchasing an additional 11,727 shares during the period. Charles Schwab Investment Management Inc. owned about 0.66% of Zillow Group worth $113,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of Z. Blue Trust Inc. lifted its holdings in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Zillow Group by 53.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after buying an additional 367 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Zillow Group in the third quarter worth $74,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Zillow Group by 86.3% during 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 acquiring an additional 579 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings 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 acquiring an additional 245 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jun Choo sold 55,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,065 shares of company stock valued at $7,660,165. 23.76% of the stock is currently owned by insiders.

Zillow Group Stock Performance

NASDAQ:Z opened at $75.56 on Friday. The firm has a 50-day simple moving average of $78.09 and a 200-day simple moving average of $71.42. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39. The firm has a market cap of $18.33 billion, a P/E ratio of -160.77, a P/E/G ratio of 9.24 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate 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, research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Morgan Stanley boosted their target price 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. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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 research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and an average 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.