Kemnay Advisory Services Inc. decreased its position in shares of Zillow Group Inc (NASDAQ:Z) by 45.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,473 shares of the financial services provider’s stock after selling 29,865 shares during the period. Kemnay Advisory Services Inc.’s holdings in Zillow Group were worth $1,614,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Republic Investment Management Inc. grew its stake in Zillow Group by 14.3% during the 3rd quarter. First Republic Investment Management Inc. now owns 18,480 shares of the financial services provider’s stock worth $818,000 after buying an additional 2,308 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Zillow Group by 32.0% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 157,110 shares of the financial services provider’s stock valued at $6,952,000 after purchasing an additional 38,103 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of Zillow Group by 4.5% in the 3rd quarter. Baillie Gifford & Co. now owns 10,374,923 shares of the financial services provider’s stock valued at $459,090,000 after purchasing an additional 447,301 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Zillow Group by 201.3% in the 3rd quarter. Hsbc Holdings PLC now owns 19,089 shares of the financial services provider’s stock valued at $845,000 after purchasing an additional 12,753 shares during the last quarter. Finally, Aviva PLC purchased a new position in shares of Zillow Group in the 3rd quarter valued at approximately $2,599,000. 56.68% of the stock is currently owned by hedge funds and other institutional investors.
Z has been the topic of several analyst reports. ValuEngine downgraded Zillow Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. BidaskClub downgraded Zillow Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Zelman & Associates initiated coverage on Zillow Group in a research note on Friday, November 2nd. They issued a “hold” rating on the stock. UBS Group downgraded Zillow Group to a “neutral” rating in a research note on Wednesday, November 7th. Finally, Susquehanna Bancshares reiterated a “negative” rating and issued a $23.00 target price on shares of Zillow Group in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.75.
In other news, CEO Spencer M. Rascoff sold 57,518 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $46.95, for a total value of $2,700,470.10. Following the completion of the sale, the chief executive officer now directly owns 68,200 shares of the company’s stock, valued at approximately $3,201,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jennifer Rock sold 899 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $46.26, for a total value of $41,587.74. Following the completion of the sale, the chief financial officer now directly owns 274 shares of the company’s stock, valued at $12,675.24. The disclosure for this sale can be found here. Over the last three months, insiders bought 2,179,897 shares of company stock valued at $67,096,564 and sold 97,877 shares valued at $4,388,144. 21.72% of the stock is owned by company insiders.
Z opened at $35.84 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.43 and a current ratio of 11.72. Zillow Group Inc has a 12 month low of $26.38 and a 12 month high of $65.70.
Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.14). The business had revenue of $343.09 million during the quarter. Zillow Group had a negative net margin of 7.94% and a positive return on equity of 0.06%.
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About Zillow Group
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 consumers 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.
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