Maven Securities LTD Has $2.31 Million Holdings in Zillow Group, Inc. $Z

Maven Securities LTD lifted its position in Zillow Group, Inc. (NASDAQ:Z) by 80.0% in the 2nd quarter, Holdings Channel reports. The fund owned 73,385 shares of the financial services provider’s stock after buying an additional 32,616 shares during the period. Maven Securities LTD’s holdings in Zillow Group were worth $2,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Z. The Manufacturers Life Insurance Company increased its stake in Zillow Group by 106.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 41,519 shares of the financial services provider’s stock worth $1,718,000 after purchasing an additional 21,439 shares in the last quarter. Tiger Global Management LLC lifted its position in Zillow Group by 21.7% in the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after acquiring an additional 1,312,000 shares in the last quarter. IFP Advisors Inc lifted its position in Zillow Group by 17,458.4% in the 4th quarter. IFP Advisors Inc now owns 73,921 shares of the financial services provider’s stock valued at $5,043,000 after acquiring an additional 73,500 shares in the last quarter. Emmett Investment Management LP boosted its stake in Zillow Group by 353.9% in the 1st quarter. Emmett Investment Management LP now owns 96,236 shares of the financial services provider’s stock worth $3,897,000 after purchasing an additional 75,036 shares during the period. Finally, Weiss Asset Management LP acquired a new position in Zillow Group in the 1st quarter worth $1,743,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analysts Set New Price Targets

Z has been the topic of a number of research reports. Wall Street Zen lowered Zillow Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Sanford C. Bernstein lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods dropped their price target on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, August 7th. Zacks Research cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Morgan Stanley set a $60.00 price objective on shares of Zillow Group in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.75.

Insiders Place Their Bets

In related news, CFO Jeremy Hofmann sold 5,661 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $34.18, for a total transaction of $193,492.98. Following the transaction, the chief financial officer directly owned 59,144 shares of the company’s stock, valued at approximately $2,021,541.92. This trade represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, insider Errol Samuelson sold 3,154 shares of Zillow Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $34.24, for a total transaction of $107,992.96. Following the completion of the sale, the insider owned 130,885 shares of the company’s stock, valued at $4,481,502.40. This trade represents a 2.35% decrease in their position. The SEC filing for this sale provides additional information. 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 valued at $1,323,800 in the last three months. Insiders own 23.76% of the company’s stock.

Zillow Group Trading Down 6.4%

NASDAQ:Z opened at $32.36 on Wednesday. The stock has a market cap of $7.28 billion, a P/E ratio of 147.10, a PEG ratio of 1.51 and a beta of 2.00. The stock has a 50 day simple moving average of $33.91 and a 200 day simple moving average of $37.88. Zillow Group, Inc. has a 1-year low of $29.23 and a 1-year high of $93.88.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. The firm had revenue of $772.00 million for the quarter, compared to analyst estimates of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. As a group, sell-side analysts forecast that Zillow Group, Inc. will post 0.89 EPS for the current 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.