Zillow Group, Inc. (NASDAQ:Z) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 18.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 44,114 shares of the financial services provider’s stock after acquiring an additional 6,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Zillow Group were worth $3,267,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in Z. Creative Planning boosted its stake in shares of Zillow Group by 3.0% in the third quarter. Creative Planning now owns 19,139 shares of the financial services provider’s stock worth $1,222,000 after buying an additional 558 shares during the last quarter. Blue Trust Inc. lifted its holdings in Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 313 shares during the period. Private Advisor Group LLC purchased a new stake in Zillow Group in the 3rd quarter worth approximately $204,000. International Assets Investment Management LLC grew its stake in shares of Zillow Group by 8,162.8% during the 3rd quarter. International Assets Investment Management LLC now owns 246,397 shares of the financial services provider’s stock worth $15,732,000 after purchasing an additional 243,415 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Zillow Group during the 3rd quarter valued at approximately $301,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Activity

In related news, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were 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 owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the transaction, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,663 shares of company stock worth $4,004,931 over the last 90 days. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Stock Up 2.9 %

NASDAQ:Z opened at $77.34 on Wednesday. The stock’s 50 day moving average price is $78.19 and its 200 day moving average price is $70.29. The company has a market capitalization of $18.76 billion, a PE ratio of -164.55, a P/E/G ratio of 9.24 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 issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. As a group, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on Z. Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley upped their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average target price 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.