Two Sigma Securities LLC Takes $335,000 Position in Zillow Group, Inc. (NASDAQ:Z)

Two Sigma Securities LLC purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,529 shares of the financial services provider’s stock, valued at approximately $335,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. National Bank of Canada FI acquired a new position in Zillow Group during the fourth quarter worth about $55,000. Assetmark Inc. lifted its stake in Zillow Group by 7,410.0% in the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 741 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of 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 in the last quarter. Finally, Natixis acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $80,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Price Performance

NASDAQ Z opened at $66.27 on Monday. The company has a fifty day moving average of $69.51 and a two-hundred day moving average of $73.28. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The company has a market capitalization of $16.07 billion, a PE ratio of -141.00, a P/E/G ratio of 9.24 and a beta of 2.19.

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

Insider Activity at Zillow Group

In other news, CTO David A. Beitel sold 2,025 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the transaction, the chief technology officer now owns 151,046 shares in the company, valued at $11,743,826.50. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the transaction, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock worth $7,869,478 in the last three months. Insiders own 23.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Morgan Stanley raised their target price on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods started coverage on Zillow Group in a report on Friday, March 28th. They set a “market perform” rating and a $80.00 price target for the company. Finally, William Blair began coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a “market perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.71.

About Zillow Group

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.