Greencape Capital Pty Ltd Has $160.91 Million Position in Zillow Group, Inc. $Z

Greencape Capital Pty Ltd lowered its stake in Zillow Group, Inc. (NASDAQ:Z) by 18.4% in the third quarter, HoldingsChannel.com reports. The firm owned 2,088,401 shares of the financial services provider’s stock after selling 471,928 shares during the quarter. Zillow Group comprises 39.4% of Greencape Capital Pty Ltd’s investment portfolio, making the stock its 2nd largest position. Greencape Capital Pty Ltd’s holdings in Zillow Group were worth $160,911,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of Z. Pittenger & Anderson Inc. raised its stake in shares of Zillow Group by 32.8% during the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock worth $42,000 after buying an additional 135 shares during the last quarter. Brighton Jones LLC increased its holdings in Zillow Group by 2.5% in the second 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 during the last quarter. Farther Finance Advisors LLC increased its holdings in Zillow Group by 20.5% in the third quarter. Farther Finance Advisors LLC now owns 954 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 162 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in Zillow Group by 58.6% in the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after buying an additional 163 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after buying an additional 171 shares during the period. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Z has been the topic of several recent analyst reports. Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods decreased their price target on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. increased their price target on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $93.83.

Insider Activity

In other news, insider Errol G. Samuelson sold 7,641 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $71.13, for a total value of $543,504.33. Following the sale, the insider directly owned 120,815 shares of the company’s stock, valued at approximately $8,593,570.95. This represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeremy Wacksman sold 10,855 shares of Zillow Group stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.99, for a total value of $759,741.45. Following the sale, the chief executive officer directly owned 134,712 shares of the company’s stock, valued at $9,428,492.88. This represents a 7.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 67,511 shares of company stock worth $4,766,357. 25.03% of the stock is owned by insiders.

Zillow Group Price Performance

Shares of Z stock opened at $54.97 on Friday. Zillow Group, Inc. has a one year low of $53.61 and a one year high of $93.88. The firm has a 50-day moving average of $68.20 and a 200-day moving average of $74.99. The company has a market cap of $13.31 billion, a P/E ratio of -392.61, a P/E/G ratio of 3.19 and a beta of 2.08.

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.