Zillow Group, Inc. $Z Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 1.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,750,009 shares of the financial services provider’s stock after selling 75,278 shares during the period. Ninety One UK Ltd’s holdings in Zillow Group were worth $324,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of Z. Empowered Funds LLC lifted its position in Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 171 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Zillow Group by 21.7% in the 1st quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock valued at $1,407,000 after purchasing an additional 3,653 shares in the last quarter. American Century Companies Inc. raised its position in shares of Zillow Group by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 23,064 shares of the financial services provider’s stock valued at $1,616,000 after purchasing an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Zillow Group by 186.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,678 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 1,092 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Zillow Group by 1,895.4% in the 2nd quarter. First Trust Advisors LP now owns 128,362 shares of the financial services provider’s stock valued at $8,992,000 after purchasing an additional 121,929 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Errol G. Samuelson sold 7,015 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $44.21, for a total transaction of $310,133.15. Following the completion of the transaction, the insider directly owned 113,800 shares in the company, valued at $5,031,098. This represents a 5.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David A. Beitel sold 3,966 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $44.22, for a total value of $175,376.52. Following the transaction, the chief technology officer owned 136,690 shares of the company’s stock, valued at approximately $6,044,431.80. The trade was a 2.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,801 shares of company stock worth $2,683,986 over the last 90 days. Insiders own 25.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on Z shares. Mizuho lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods lowered their price target on Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, February 9th. Finally, Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $90.60.

Zillow Group Price Performance

Shares of Z opened at $46.86 on Friday. The company has a market cap of $11.24 billion, a P/E ratio of 520.72, a PEG ratio of 2.16 and a beta of 2.14. The stock has a fifty day moving average price of $43.95 and a 200 day moving average price of $61.26. Zillow Group, Inc. has a 12 month low of $39.05 and a 12 month high of $93.88.

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

About Zillow Group

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.