Erste Asset Management GmbH Purchases 80,000 Shares of Zillow Group, Inc. $Z

Erste Asset Management GmbH raised its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 26.7% during the third quarter, HoldingsChannel.com reports. The fund owned 380,000 shares of the financial services provider’s stock after buying an additional 80,000 shares during the quarter. Erste Asset Management GmbH’s holdings in Zillow Group were worth $30,605,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of Z. Empowered Funds LLC lifted its stake in shares of Zillow Group by 4.7% in the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 171 shares during the period. Intech Investment Management LLC increased its holdings in Zillow Group by 21.7% in the first quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock worth $1,407,000 after purchasing an additional 3,653 shares in the last quarter. Brighton Jones LLC lifted its stake in Zillow Group by 2.5% in the second quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider’s stock valued at $403,000 after buying an additional 140 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of Zillow Group by 163.9% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 52,235 shares of the financial services provider’s stock worth $3,659,000 after buying an additional 32,442 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Zillow Group by 6.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 24,875 shares of the financial services provider’s stock worth $1,742,000 after buying an additional 1,572 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 7,786 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total transaction of $340,481.78. Following the transaction, the chief financial officer directly owned 57,487 shares in the company, valued at approximately $2,513,906.51. This trade represents a 11.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeremy Wacksman sold 13,661 shares of Zillow Group stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total transaction of $604,499.25. Following the transaction, the chief executive officer directly owned 116,322 shares in the company, valued at $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 62,007 shares of company stock valued at $2,771,433. 25.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on Z shares. Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Finally, Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group currently has an average rating of “Hold” and a consensus target price of $90.60.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $46.65 on Friday. The company has a 50-day moving average price of $60.70 and a 200-day moving average price of $71.58. The stock has a market capitalization of $11.19 billion, a P/E ratio of 518.39, a P/E/G ratio of 2.53 and a beta of 2.08. Zillow Group, Inc. has a 1 year low of $41.91 and a 1 year high of $93.88.

Zillow Group (NASDAQ:Z) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Zillow Group Profile

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.