Vinva Investment Management Ltd Purchases New Holdings in Zillow Group, Inc. (NASDAQ:Z)

Vinva Investment Management Ltd purchased a new stake in Zillow Group, Inc. (NASDAQ:Z) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,913 shares of the financial services provider’s stock, valued at approximately $1,187,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its stake in shares of Zillow Group by 5.5% during the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider’s stock worth $388,000 after buying an additional 318 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $6,267,000. Swiss National Bank raised its stake in shares of Zillow Group by 0.7% during the 3rd quarter. Swiss National Bank now owns 466,834 shares of the financial services provider’s stock worth $29,807,000 after buying an additional 3,300 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $234,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Zillow Group during the 3rd quarter worth approximately $567,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,065 shares of company stock valued at $7,660,165 over the last three months. 23.76% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on Z shares. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley upped their price target on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Zillow Group Stock Up 0.5 %

Z stock opened at $70.94 on Friday. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The stock’s fifty day simple moving average is $77.57 and its 200-day simple moving average is $72.23. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of -150.94, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.