Zillow Group, Inc. (NASDAQ:Z) is Caledonia Private Investments Pty Ltd’s Largest Position

Caledonia Private Investments Pty Ltd lifted its stake in Zillow Group, Inc. (NASDAQ:Z) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,741,104 shares of the financial services provider’s stock after acquiring an additional 781,207 shares during the period. Zillow Group accounts for 35.9% of Caledonia Private Investments Pty Ltd’s portfolio, making the stock its largest position. Caledonia Private Investments Pty Ltd owned 14.42% of Zillow Group worth $1,306,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Zillow Group by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider’s stock valued at $414,114,000 after buying an additional 179,802 shares in the last quarter. BlackRock Inc. increased its position in Zillow Group by 1,820.7% during the 1st quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock valued at $184,301,000 after buying an additional 5,188,752 shares in the last quarter. SRS Investment Management LLC increased its position in Zillow Group by 89.3% during the 1st quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock valued at $157,187,000 after buying an additional 2,202,599 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Zillow Group by 949.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,302,610 shares of the financial services provider’s stock valued at $144,869,000 after buying an additional 3,892,431 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in Zillow Group by 4.1% during the 2nd quarter. Baillie Gifford & Co. now owns 3,933,489 shares of the financial services provider’s stock valued at $192,781,000 after buying an additional 154,042 shares in the last quarter. 86.13% of the stock is owned by hedge funds and other institutional investors.

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Shares of Zillow Group, Inc. (Z) traded up 0.39% during mid-day trading on Tuesday, hitting $41.30. The stock had a trading volume of 164,118 shares. The firm’s market cap is $7.66 billion. Zillow Group, Inc. has a 52-week low of $31.51 and a 52-week high of $51.23. The firm has a 50 day moving average price of $40.09 and a 200 day moving average price of $41.90.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. The firm had revenue of $266.85 million during the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. Equities analysts predict that Zillow Group, Inc. will post $0.50 EPS for the current year.

In other news, CEO Spencer M. Rascoff sold 22,400 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $45.73, for a total transaction of $1,024,352.00. Following the transaction, the chief executive officer now owns 7,500 shares in the company, valued at approximately $342,975. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Spencer M. Rascoff sold 20,941 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $39.39, for a total transaction of $824,865.99. Following the transaction, the chief executive officer now owns 6,614 shares in the company, valued at approximately $260,525.46. The disclosure for this sale can be found here. Insiders have sold a total of 250,882 shares of company stock valued at $11,061,678 in the last three months. Company insiders own 21.72% of the company’s stock.

A number of research analysts have recently weighed in on the company. BidaskClub raised Zillow Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Cowen and Company reissued a “hold” rating on shares of Zillow Group in a report on Friday, July 14th. Benchmark Co. reissued a “buy” rating and issued a $55.00 price objective on shares of Zillow Group in a report on Sunday, July 2nd. Deutsche Bank AG increased their price objective on Zillow Group to $50.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $54.50 target price (up previously from $46.00) on shares of Zillow Group in a research note on Friday, June 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Zillow Group has a consensus rating of “Buy” and a consensus target price of $46.64.

Zillow Group Company Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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