Zillow Group, Inc. $Z Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 71.0% during the second quarter, HoldingsChannel reports. The firm owned 10,227 shares of the financial services provider’s stock after selling 25,003 shares during the period. XTX Topco Ltd’s holdings in Zillow Group were worth $716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in Zillow Group by 2.5% during the 2nd quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 140 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Zillow Group by 25.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock worth $55,000 after buying an additional 159 shares in the last quarter. True Vision MN LLC boosted its position in Zillow Group by 2.1% in the 2nd quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider’s stock valued at $544,000 after buying an additional 161 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Zillow Group by 4.7% during the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 171 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Zillow Group by 58.2% during the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 185 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on Z shares. Gordon Haskett raised Zillow Group to a “strong-buy” rating in a report on Friday, October 3rd. Sanford C. Bernstein raised Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Wednesday, September 17th. Oppenheimer started coverage on Zillow Group in a research note on Monday, October 6th. They set a “market perform” rating for the company. JPMorgan Chase & Co. raised their price target on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Mizuho raised shares of Zillow Group to a “strong-buy” rating in a report on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.14.

Zillow Group Trading Down 2.0%

Z stock opened at $72.09 on Wednesday. The stock’s 50 day simple moving average is $73.52 and its 200 day simple moving average is $76.02. Zillow Group, Inc. has a 12-month low of $57.51 and a 12-month high of $93.88. The firm has a market cap of $17.45 billion, a P/E ratio of -514.89, a P/E/G ratio of 28.91 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last released its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The business had revenue of $729.00 million for the quarter, compared to the consensus estimate of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. On average, research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Jun Choo sold 25,575 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $91.06, for a total transaction of $2,328,859.50. Following the completion of the sale, the chief operating officer owned 114,129 shares of the company’s stock, valued at $10,392,586.74. This represents a 18.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 22,510 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $90.97, for a total transaction of $2,047,734.70. Following the sale, the chief technology officer owned 144,549 shares in the company, valued at approximately $13,149,622.53. This trade represents a 13.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 143,011 shares of company stock worth $11,631,578. Corporate insiders own 23.76% of the company’s stock.

About Zillow Group

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.