Intellectus Partners LLC Takes Position in Zillow Group, Inc. (NASDAQ:Z)

Intellectus Partners LLC bought a new position in Zillow Group, Inc. (NASDAQ:Z) during the fourth quarter, HoldingsChannel reports. The firm bought 3,023 shares of the financial services provider’s stock, valued at approximately $224,000.

Several other hedge funds have also bought and sold shares of Z. FMR LLC increased its holdings in Zillow Group by 179.5% during the 3rd 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 in the last quarter. Groupama Asset Managment bought a new position in shares of Zillow Group in the third quarter valued at approximately $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Zillow Group during the third quarter valued at approximately $38,310,000. Bridgewater Associates LP grew its holdings 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. Finally, Mackay Shields LLC purchased a new stake in Zillow Group in the 4th quarter valued at $17,496,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now owns 151,046 shares in the company, valued at $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeremy Hofmann sold 23,388 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $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. Insiders have sold a total of 96,065 shares of company stock worth $7,660,165 over the last ninety days. 23.76% of the stock is currently owned by company insiders.

Zillow Group Stock Up 2.0 %

Z opened at $75.56 on Friday. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39. The company’s 50-day moving average price is $78.09 and its two-hundred day moving average price is $71.42. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of -160.77, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) 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%. As a group, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on Z. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wedbush restated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, Morgan Stanley upped their target price on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Five 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.