Dimensional Fund Advisors LP Purchases 65,724 Shares of Zillow Group, Inc. (NASDAQ:Z)

Dimensional Fund Advisors LP increased its position in Zillow Group, Inc. (NASDAQ:Z) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,540,831 shares of the financial services provider’s stock after purchasing an additional 65,724 shares during the period. Dimensional Fund Advisors LP’s holdings in Zillow Group were worth $114,109,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. National Bank of Canada FI purchased a new stake in shares of Zillow Group in the fourth quarter worth approximately $55,000. Assetmark Inc. grew its holdings in Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after buying an additional 741 shares in the last quarter. Blue Trust Inc. raised its position in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after buying an additional 137 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 367 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 579 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on Z. Keefe, Bruyette & Woods assumed coverage on shares of Zillow Group in a report on Friday, March 28th. They issued a “market perform” rating and a $80.00 target price for the company. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, William Blair initiated coverage on Zillow Group in a research note on Monday, April 21st. They issued a “market perform” rating for the company. Seven equities 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. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock valued at $7,869,478. Company insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Z stock opened at $66.27 on Friday. The stock has a fifty day moving average of $69.51 and a 200-day moving average of $73.19. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of -141.00, a PEG ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. Equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

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.