Candriam S.C.A. Purchases 5,887 Shares of Zillow Group, Inc. (NASDAQ:Z)

Candriam S.C.A. increased its position in Zillow Group, Inc. (NASDAQ:Z) by 28.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,289 shares of the financial services provider’s stock after buying an additional 5,887 shares during the quarter. Candriam S.C.A.’s holdings in Zillow Group were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Assetmark Inc. lifted its position in Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 741 shares during the last quarter. Blue Trust Inc. lifted its position in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 137 shares during the last quarter. Brooklyn Investment Group bought a new stake in Zillow Group in the third quarter valued at approximately $74,000. Smartleaf Asset Management LLC lifted its position in Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Zillow Group by 86.3% in 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 purchasing an additional 579 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Up 2.0 %

NASDAQ Z opened at $75.56 on Monday. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The stock 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 2.27. The stock’s fifty day moving average price is $78.09 and its 200-day moving average price is $71.54.

Zillow Group (NASDAQ:Z) last announced 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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on Z. Morgan Stanley boosted their target price 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. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Insider Activity

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the 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 of the company’s stock, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock valued at $7,660,165 over the last ninety days. 23.76% of the stock is currently owned by corporate insiders.

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.