National Bank of Canada FI Invests $55,000 in Zillow Group, Inc. (NASDAQ:Z)

National Bank of Canada FI bought a new stake in Zillow Group, Inc. (NASDAQ:Z) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 736 shares of the financial services provider’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position in shares of Zillow Group by 1,337.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 397,211 shares of the financial services provider’s stock valued at $29,413,000 after acquiring an additional 369,580 shares during the period. Mackay Shields LLC bought a new position in Zillow Group during the fourth quarter worth about $17,496,000. Norges Bank bought a new position in Zillow Group during the fourth quarter worth about $15,923,000. Hillman Co. increased its position in Zillow Group by 88.1% during the fourth quarter. Hillman Co. now owns 348,301 shares of the financial services provider’s stock worth $25,792,000 after buying an additional 163,105 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Zillow Group by 267.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 200,480 shares of the financial services provider’s stock valued at $14,846,000 after buying an additional 145,889 shares during the period. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on Z shares. 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 reissued 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. Morgan Stanley increased 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. Finally, Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Six investment 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Insider Transactions at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,919 shares of company stock worth $7,869,478. Company insiders own 23.76% of the company’s stock.

Zillow Group Trading Down 1.1 %

Shares of NASDAQ Z opened at $61.16 on Friday. The stock has a 50-day moving average price of $73.48 and a two-hundred day moving average price of $73.19. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The company has a market cap of $14.83 billion, a price-to-earnings ratio of -130.13, a PEG ratio of 9.24 and a beta of 2.19.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side analysts predict that Zillow Group, Inc. will post 0.32 earnings per share 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.