Vanguard Group Inc. Buys 71,336 Shares of Zillow Group, Inc. $Z

Vanguard Group Inc. boosted its position in Zillow Group, Inc. (NASDAQ:Z) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,073,862 shares of the financial services provider’s stock after purchasing an additional 71,336 shares during the period. Vanguard Group Inc. owned about 9.52% of Zillow Group worth $1,777,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ninety One UK Ltd lifted its stake in shares of Zillow Group by 2.0% during the 3rd quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock valued at $371,788,000 after buying an additional 93,339 shares in the last quarter. Eminence Capital LP lifted its holdings in Zillow Group by 63.6% during the 2nd quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after purchasing an additional 1,546,577 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Zillow Group by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,142,403 shares of the financial services provider’s stock worth $219,467,000 after purchasing an additional 69,630 shares in the last quarter. Atreides Management LP grew its holdings in Zillow Group by 82.5% during the 2nd quarter. Atreides Management LP now owns 856,008 shares of the financial services provider’s stock valued at $59,963,000 after buying an additional 386,947 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Zillow Group by 47.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 837,134 shares of the financial services provider’s stock valued at $64,501,000 after buying an additional 269,953 shares during the period. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on Z. Keefe, Bruyette & Woods cut their price objective on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, February 9th. Barclays upgraded shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Mizuho lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. increased their price objective on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has an average rating of “Hold” and an average target price of $90.60.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 7,786 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total transaction of $340,481.78. Following the completion of the transaction, the chief financial officer owned 57,487 shares in the company, valued at $2,513,906.51. The trade was a 11.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David A. Beitel sold 3,966 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $44.22, for a total value of $175,376.52. Following the completion of the transaction, the chief technology officer directly owned 136,690 shares in the company, valued at $6,044,431.80. This trade represents a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,007 shares of company stock worth $2,771,433 in the last quarter. Company insiders own 25.03% of the company’s stock.

Zillow Group Stock Down 0.0%

Z opened at $45.54 on Friday. The firm has a 50-day simple moving average of $63.21 and a two-hundred day simple moving average of $72.92. Zillow Group, Inc. has a 52 week low of $42.50 and a 52 week high of $93.88. The company has a market capitalization of $11.02 billion, a PE ratio of 506.08, a price-to-earnings-growth ratio of 2.52 and a beta of 2.08.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The business had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. As a group, sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Zillow Group Company Profile

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.