Kennondale Capital Management LLC Purchases Shares of 20,333 Zillow Group, Inc. (NASDAQ:Z)

Kennondale Capital Management LLC purchased a new stake in Zillow Group, Inc. (NASDAQ:Z) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,333 shares of the financial services provider’s stock, valued at approximately $1,506,000. Zillow Group comprises 1.2% of Kennondale Capital Management LLC’s holdings, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Zillow Group by 179.5% during the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the last quarter. Ninety One UK Ltd increased its stake in shares of Zillow Group by 3.2% during the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider’s stock worth $267,895,000 after purchasing an additional 111,231 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Zillow Group by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock worth $113,941,000 after purchasing an additional 11,727 shares during the last quarter. Groupama Asset Managment acquired a new position in shares of Zillow Group during the 3rd quarter worth about $83,005,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Zillow Group during the 3rd quarter worth about $38,310,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the transaction, the insider now owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 in the last quarter. Insiders own 23.76% of the company’s stock.

Zillow Group Trading Up 0.5 %

Shares of Zillow Group stock opened at $70.94 on Tuesday. The company has a 50 day moving average of $77.65 and a 200-day moving average of $72.15. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The company has a market cap of $17.21 billion, a PE ratio of -150.94, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data 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%. Research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on Z. Morgan Stanley boosted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

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.