Aigen Investment Management LP Purchases 8,347 Shares of Zillow Group, Inc. (NASDAQ:Z)

Aigen Investment Management LP lifted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 73.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,780 shares of the financial services provider’s stock after purchasing an additional 8,347 shares during the period. Aigen Investment Management LP’s holdings in Zillow Group were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in Z. Assetmark Inc. increased its position in Zillow Group by 7,410.0% during the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 741 shares during the period. Blue Trust Inc. grew its position in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 367 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Zillow Group during the 3rd quarter worth approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 579 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Z has been the topic of a number of analyst reports. Morgan Stanley increased their target price on shares of 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 shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the transaction, the insider now owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Rock sold 3,033 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the completion of the transaction, the chief accounting officer now directly owns 57,166 shares of the company’s stock, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,098 shares of company stock valued at $7,911,237 in the last quarter. Insiders own 23.76% of the company’s stock.

Zillow Group Trading Up 3.3 %

Shares of Zillow Group stock opened at $76.91 on Thursday. The company has a 50 day moving average of $78.16 and a 200-day moving average of $71.10. 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 $18.66 billion, a PE ratio of -163.64, a price-to-earnings-growth ratio of 9.24 and a beta of 2.03.

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.

Zillow Group 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.