AQR Capital Management LLC Sells 32,716 Shares of Zillow Group, Inc. (NASDAQ:Z)

AQR Capital Management LLC lowered its position in Zillow Group, Inc. (NASDAQ:Z) by 84.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,995 shares of the financial services provider’s stock after selling 32,716 shares during the period. AQR Capital Management LLC’s holdings in Zillow Group were worth $278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Concord Wealth Partners bought a new stake in Zillow Group during the first quarter worth $26,000. Larson Financial Group LLC increased its position in Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after buying an additional 481 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Zillow Group in the first quarter worth $37,000. Mather Group LLC. purchased a new stake in Zillow Group in the first quarter worth $62,000. Finally, Denver PWM LLC purchased a new stake in Zillow Group in the second quarter worth $94,000. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Z has been the subject of several recent research reports. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Morgan Stanley lifted their price target on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.20.

Zillow Group Stock Performance

Z stock opened at $63.59 on Thursday. The stock has a market capitalization of $15.02 billion, a PE ratio of -92.16 and a beta of 1.95. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $68.73. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock’s 50 day simple moving average is $58.50 and its 200 day simple moving average is $49.90.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.13. The business had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. As a group, research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Zillow Group news, General Counsel Bradley D. Owens sold 752 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the completion of the sale, the general counsel now owns 35,259 shares in the company, valued at approximately $1,873,310.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,999 shares of company stock valued at $11,780,363 in the last ninety days. 23.76% of the stock is currently owned by company insiders.

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.