Y Intercept Hong Kong Ltd Invests $2.78 Million in Zillow Group, Inc. (NASDAQ:Z)

Y Intercept Hong Kong Ltd purchased a new stake in Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 37,468 shares of the financial services provider’s stock, valued at approximately $2,775,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. abrdn plc lifted its position in shares of Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after buying an additional 24,247 shares during the last quarter. IVY Lane Capital Management LLC raised its stake in Zillow Group by 35.0% during the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after acquiring an additional 35,000 shares in the last quarter. Donoghue Forlines LLC bought a new position in shares of Zillow Group in the fourth quarter worth about $1,932,000. Thrivent Financial for Lutherans acquired a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $6,267,000. Finally, Friedenthal Financial bought a new stake in shares of Zillow Group during the 4th quarter valued at approximately $754,000. Institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

Zillow Group stock opened at $75.15 on Tuesday. The firm has a market cap of $18.23 billion, a price-to-earnings ratio of -159.89, a PEG ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The firm has a 50 day moving average price of $78.26 and a two-hundred day moving average price of $70.12.

Zillow Group (NASDAQ:Z) last announced 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%. As a group, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on Z shares. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Insider Transactions at Zillow Group

In related news, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of Zillow Group 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 sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,838 shares of company stock valued at $4,617,389. Corporate insiders own 23.76% of the company’s stock.

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.