Vanguard Group Inc. Reduces Stock Position in Zillow Group, Inc. $Z

Vanguard Group Inc. lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,597,382 shares of the financial services provider’s stock after selling 476,480 shares during the quarter. Vanguard Group Inc. owned 0.09% of Zillow Group worth $1,541,593,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Zillow Group during the 3rd quarter valued at about $27,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Zillow Group in the 3rd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group in the 4th quarter valued at about $28,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Zillow Group by 58.6% in the 3rd 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, Pittenger & Anderson Inc. lifted its holdings in shares of Zillow Group by 32.8% in the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 7,015 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $44.21, for a total transaction of $310,133.15. Following the completion of the transaction, the insider owned 113,800 shares of the company’s stock, valued at $5,031,098. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dan Spaulding sold 5,361 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $43.95, for a total value of $235,615.95. Following the transaction, the insider directly owned 41,080 shares of the company’s stock, valued at $1,805,466. The trade was a 11.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,801 shares of company stock valued at $2,683,986 in the last ninety days. 25.03% of the stock is currently owned by company insiders.

Zillow Group Trading Up 2.3%

Shares of Z stock opened at $44.40 on Friday. The company has a market capitalization of $10.65 billion, a P/E ratio of 493.39, a P/E/G ratio of 2.13 and a beta of 2.14. The business’s 50 day moving average is $43.70 and its two-hundred day moving average is $59.50. Zillow Group, Inc. has a 12-month low of $39.05 and a 12-month high of $93.88.

Zillow Group (NASDAQ:Z) last issued 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). The business had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. On average, research analysts predict that Zillow Group, Inc. will post 0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on Z shares. Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Keefe, Bruyette & Woods decreased their price objective on Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, February 9th. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.60.

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.