Zillow Group, Inc. $Z Stock: Robeco Institutional Asset Management B.V. Reduces Position

Robeco Institutional Asset Management B.V. trimmed its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 91.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 21,117 shares of the financial services provider’s stock after selling 237,518 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Zillow Group were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of Zillow Group by 97.0% in the third quarter. IFP Advisors Inc now owns 469,184 shares of the financial services provider’s stock valued at $12,729,000 after buying an additional 231,002 shares during the period. NFSG Corp purchased a new position in shares of Zillow Group during the 3rd quarter valued at $98,000. Assenagon Asset Management S.A. grew its stake in shares of Zillow Group by 9.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 331,762 shares of the financial services provider’s stock worth $9,001,000 after acquiring an additional 27,832 shares during the period. Fortitude Family Office LLC bought a new position in shares of Zillow Group during the 3rd quarter worth $27,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Zillow Group by 704.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,631 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 4,931 shares during the period. 71.01% of the stock is owned by institutional investors.

Insider Activity at Zillow Group

In related news, Director Claire Cormier Thielke sold 1,187 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total transaction of $42,387.77. Following the sale, the director directly owned 2,375 shares in the company, valued at approximately $84,811.25. The trade was a 33.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeremy Wacksman sold 9,339 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $34.18, for a total value of $319,207.02. Following the sale, the chief executive officer directly owned 138,574 shares in the company, valued at $4,736,459.32. This trade represents a 6.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 38,539 shares of company stock worth $1,323,800 in the last 90 days. 25.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Zillow Group from $60.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. dropped their price objective on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Zillow Group in a research report on Wednesday, August 19th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Friday, October 16th. Finally, Sanford C. Bernstein downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Hold” and an average target price of $57.71.

Zillow Group Price Performance

Shares of Z stock opened at $32.62 on Tuesday. The company’s fifty day simple moving average is $31.57 and its two-hundred day simple moving average is $39.92. Zillow Group, Inc. has a 1 year low of $26.67 and a 1 year high of $78.10. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 148.28, a PEG ratio of 1.41 and a beta of 2.04.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. The firm had revenue of $772.00 million for the quarter, compared to the consensus estimate of $758.10 million. Equities research analysts anticipate that Zillow Group, Inc. will post 0.91 EPS for the current year.

About Zillow Group

Zillow Group, Inc (NASDAQ: Z) operates a digital real estate marketplace in the United States. Its platforms help consumers search for homes, research neighborhoods and market conditions, connect with real estate professionals, and manage various steps in the home-buying, selling, renting and financing processes.

The company’s portfolio includes Zillow, Trulia, StreetEasy and HotPads, which provide property listings and real estate information. Zillow Group also offers services for real estate professionals, including marketing, lead generation, transaction management and showing coordination through products such as Zillow Premier Agent and ShowingTime+.

Through Zillow Home Loans and other affiliated services, the company provides or facilitates mortgage and closing-related solutions.