22,000 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Ratan Capital Management LP

Ratan Capital Management LP purchased a new position in shares of Zillow Group, Inc. (NASDAQ:ZFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 22,000 shares of the financial services provider’s stock, valued at approximately $1,273,000.

Several other hedge funds have also recently added to or reduced their stakes in Z. Principal Financial Group Inc. lifted its stake in Zillow Group by 5.5% during the third quarter. Principal Financial Group Inc. now owns 12,137 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 631 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Zillow Group by 48.2% during the third quarter. Victory Capital Management Inc. now owns 37,050 shares of the financial services provider’s stock worth $1,710,000 after purchasing an additional 12,048 shares during the last quarter. Jump Financial LLC bought a new stake in Zillow Group during the third quarter worth about $691,000. New York Life Investment Management LLC bought a new stake in Zillow Group during the third quarter worth about $800,000. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its stake in Zillow Group by 3.9% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 12,095 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 455 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 0.1 %

NASDAQ:Z traded down $0.05 during mid-day trading on Friday, reaching $42.63. 4,291,111 shares of the company’s stock traded hands, compared to its average volume of 2,936,391. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $61.13. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of -61.78 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. The company has a 50 day moving average price of $43.08 and a 200-day moving average price of $49.46.

Zillow Group (NASDAQ:ZGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The business had revenue of $529.00 million for the quarter, compared to analysts’ expectations of $509.30 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. On average, sell-side analysts predict that Zillow Group, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on Z. Wedbush dropped their price target on Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Jefferies Financial Group boosted their target price on Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. lowered their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.20.

Get Our Latest Stock Analysis on Zillow Group

Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 7,813 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $54.76, for a total transaction of $427,839.88. Following the transaction, the chief financial officer now owns 137,347 shares in the company, valued at approximately $7,521,121.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zillow Group news, COO Jeremy Wacksman sold 9,849 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $44.55, for a total transaction of $438,772.95. Following the transaction, the chief operating officer now owns 116,926 shares in the company, valued at approximately $5,209,053.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 7,813 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $54.76, for a total value of $427,839.88. Following the completion of the sale, the chief financial officer now owns 137,347 shares in the company, valued at approximately $7,521,121.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,166 shares of company stock worth $2,992,579. Company insiders own 23.76% of the company’s stock.

About Zillow Group

(Free Report)

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.

Read More

Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:ZFree Report).

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.