AQR Capital Management LLC decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 18.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 30,602 shares of the financial services provider’s stock after selling 6,800 shares during the period. AQR Capital Management LLC’s holdings in Zillow Group were worth $1,030,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of Z. BlackRock Inc. boosted its stake in shares of Zillow Group by 1,820.7% in the first quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after buying an additional 5,188,752 shares during the period. Wellington Management Group LLP boosted its stake in shares of Zillow Group by 19.1% in the first quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider’s stock worth $515,579,000 after buying an additional 2,452,824 shares during the period. SRS Investment Management LLC boosted its stake in shares of Zillow Group by 89.3% in the first quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock worth $157,187,000 after buying an additional 2,202,599 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Zillow Group by 485.0% in the first quarter. Russell Investments Group Ltd. now owns 975,639 shares of the financial services provider’s stock worth $32,853,000 after buying an additional 808,866 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Zillow Group by 34.3% in the first quarter. Morgan Stanley now owns 3,004,921 shares of the financial services provider’s stock worth $101,176,000 after buying an additional 767,765 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Zillow Group, Inc. (NASDAQ Z) opened at 38.64 on Friday. The company’s market capitalization is $7.17 billion. The stock’s 50 day moving average price is $44.87 and its 200 day moving average price is $40.51. Zillow Group, Inc. has a 12 month low of $31.22 and a 12 month high of $51.23.
Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. The firm had revenue of $266.85 million during the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. Equities research analysts anticipate that Zillow Group, Inc. will post $0.52 earnings per share for the current fiscal year.
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Several research firms have weighed in on Z. Zacks Investment Research raised Zillow Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 price target on shares of Zillow Group in a report on Sunday, July 2nd. BidaskClub cut Zillow Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Cowen and Company reaffirmed a “hold” rating on shares of Zillow Group in a report on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.50 price target (up previously from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $46.06.
In other news, CTO David A. Beitel sold 739 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $39.60, for a total transaction of $29,264.40. Following the transaction, the chief technology officer now owns 32,609 shares of the company’s stock, valued at $1,291,316.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Errol G. Samuelson sold 1,691 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $39.62, for a total value of $66,997.42. Following the transaction, the insider now directly owns 98,984 shares in the company, valued at approximately $3,921,746.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 232,230 shares of company stock worth $10,547,807. Company insiders own 26.97% of the company’s stock.
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