375,000 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 375,000 shares of the financial services provider’s stock, valued at approximately $27,769,000. Adage Capital Partners GP L.L.C. owned 0.16% of Zillow Group at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI purchased a new stake in Zillow Group in the 4th quarter worth about $55,000. Assetmark Inc. grew its stake in shares of Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after buying an additional 741 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after buying an additional 137 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of 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 worth $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Natixis purchased a new position in Zillow Group during the 4th quarter valued at $80,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Up 0.7 %

Shares of Z opened at $66.27 on Friday. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The stock has a fifty day simple moving average of $69.51 and a two-hundred day simple moving average of $73.10. The company has a market capitalization of $16.07 billion, a PE 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) EPS 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, equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This trade represents a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In 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 insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on Z. Morgan Stanley raised their target price on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Keefe, Bruyette & Woods started coverage on shares of Zillow Group in a research report on Friday, March 28th. They set a “market perform” rating and a $80.00 price target for the company. William Blair started coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a “market perform” rating on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus price target of $81.71.

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.