2,143 Shares in Zillow Group, Inc. (NASDAQ:Z) Acquired by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd acquired a new position in Zillow Group, Inc. (NASDAQ:Z) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,143 shares of the financial services provider’s stock, valued at approximately $99,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Concord Wealth Partners bought a new stake in Zillow Group during the 1st quarter worth approximately $26,000. Larson Financial Group LLC raised its position in shares of Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Zillow Group during the first quarter valued at approximately $37,000. Principal Securities Inc. bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $53,000. Finally, Mather Group LLC. bought a new stake in shares of Zillow Group during the first quarter valued at approximately $62,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush restated a “neutral” rating and issued a $50.00 price target on shares of Zillow Group in a research report on Thursday, August 8th. Finally, UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.20.

Zillow Group Stock Down 0.4 %

NASDAQ Z opened at $53.61 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $50.57 and a two-hundred day moving average of $48.17. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of -77.70 and a beta of 1.94. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $61.13.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.13. The company had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. On average, analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Insider Activity

In related news, Director Jay C. Hoag bought 816,866 shares of the stock in a transaction dated Monday, June 10th. The stock was purchased at an average cost of $43.14 per share, with a total value of $35,239,599.24. Following the completion of the purchase, the director now owns 1,185,540 shares of the company’s stock, valued at $51,144,195.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Susan Daimler sold 5,907 shares of Zillow Group stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total value of $282,000.18. Following the completion of the sale, the insider now directly owns 29,665 shares in the company, valued at $1,416,207.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay C. Hoag acquired 816,866 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $43.14 per share, with a total value of $35,239,599.24. Following the completion of the acquisition, the director now directly owns 1,185,540 shares of the company’s stock, valued at $51,144,195.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 200,971 shares of company stock valued at $10,314,285. 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.