Paulson & CO. Inc. bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 166,500 shares of the financial services provider’s stock, valued at approximately $5,606,000. Paulson & CO. Inc. owned approximately 0.09% of Zillow Group as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Zillow Group during the first quarter worth about $209,000. Boothbay Fund Management LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth about $231,000. Intellectus Partners LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth about $232,000. Bayesian Capital Management LP purchased a new stake in shares of Zillow Group during the fourth quarter worth about $237,000. Finally, GLG LLC raised its stake in shares of Zillow Group by 6.8% in the fourth quarter. GLG LLC now owns 6,627 shares of the financial services provider’s stock worth $242,000 after buying an additional 421 shares during the period. 91.99% of the stock is currently owned by institutional investors.
Shares of Zillow Group, Inc. (NASDAQ Z) traded up 0.18% during mid-day trading on Friday, reaching $45.65. 870,523 shares of the company traded hands. Zillow Group, Inc. has a 52 week low of $31.22 and a 52 week high of $46.06. The firm has a 50-day moving average price of $43.03 and a 200 day moving average price of $37.65. The firm’s market capitalization is $8.36 billion.
Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Thursday, May 4th. The financial services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.10. The firm had revenue of $245.78 million for the quarter. Zillow Group had a negative return on equity of 5.65% and a negative net margin of 19.58%. On average, analysts anticipate that Zillow Group, Inc. will post $0.46 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Zillow Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Cowen and Company raised their target price on shares of Zillow Group from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, May 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price (up from $41.00) on shares of Zillow Group in a research report on Friday, May 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $42.00.
In other news, CEO Spencer M. Rascoff sold 29,854 shares of Zillow Group stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $43.94, for a total transaction of $1,311,784.76. Following the transaction, the chief executive officer now owns 120,146 shares in the company, valued at approximately $5,279,215.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Spencer M. Rascoff sold 120,146 shares of Zillow Group stock in a transaction on Monday, May 15th. The stock was sold at an average price of $43.34, for a total value of $5,207,127.64. Following the transaction, the chief executive officer now owns 120,146 shares in the company, valued at approximately $5,207,127.64. The disclosure for this sale can be found here. 26.97% of the stock is currently owned by company insiders.
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