Gilder Gagnon Howe & Co. LLC Buys 31,980 Shares of Zillow Group, Inc. (NASDAQ:Z)

Gilder Gagnon Howe & Co. LLC grew its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 11.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 317,071 shares of the financial services provider’s stock after purchasing an additional 31,980 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.14% of Zillow Group worth $23,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Two Sigma Securities LLC purchased a new stake in Zillow Group in the fourth quarter worth $335,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of Zillow Group during the 4th quarter valued at $27,769,000. Price T Rowe Associates Inc. MD grew its position in shares of Zillow Group by 11.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 107,209 shares of the financial services provider’s stock worth $7,939,000 after buying an additional 11,203 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Zillow Group by 144.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,609 shares of the financial services provider’s stock worth $786,000 after acquiring an additional 6,271 shares in the last quarter. Finally, Natixis purchased a new position in Zillow Group during the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Up 0.7 %

Z stock opened at $66.27 on Friday. The company has a fifty day simple moving average of $69.51 and a two-hundred day simple moving average of $73.10. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The firm has a market capitalization of $16.07 billion, a P/E ratio of -141.00, a price-to-earnings-growth ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z) last released 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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on Z. Wedbush restated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods began coverage on Zillow Group in a research report on Friday, March 28th. They issued a “market perform” rating and a $80.00 target price for the company. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

Insider Transactions at Zillow Group

In other news, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares of the company’s stock, valued at approximately $11,743,826.50. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jun Choo sold 1,277 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,919 shares of company stock worth $7,869,478. 23.76% of the stock is currently owned by company insiders.

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.