Zillow Group, Inc. (Z) Position Maintained by Fayez Sarofim & Co.
Fayez Sarofim & Co. maintained its stake in Zillow Group, Inc. (NASDAQ:Z) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 786,240 shares of the financial services provider’s stock at the end of the 2nd quarter. Fayez Sarofim & Co. owned approximately 0.43% of Zillow Group worth $38,534,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of Z. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Zillow Group by 0.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,708 shares of the financial services provider’s stock worth $259,000 after buying an additional 27 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Zillow Group in the first quarter worth about $889,000. Wells Fargo & Company MN boosted its stake in shares of Zillow Group by 11.1% in the first quarter. Wells Fargo & Company MN now owns 56,482 shares of the financial services provider’s stock worth $1,902,000 after buying an additional 5,622 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Zillow Group by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 36,185 shares of the financial services provider’s stock worth $1,217,000 after buying an additional 1,012 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Zillow Group by 15.4% in the first quarter. First Trust Advisors LP now owns 349,552 shares of the financial services provider’s stock worth $11,769,000 after buying an additional 46,554 shares during the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.
In related news, CEO Spencer M. Rascoff sold 22,400 shares of Zillow Group stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $45.73, for a total transaction of $1,024,352.00. Following the completion of the transaction, the chief executive officer now directly owns 7,500 shares in the company, valued at approximately $342,975. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Amy Bohutinsky sold 147,000 shares of Zillow Group stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total value of $6,648,810.00. Following the transaction, the chief operating officer now owns 43,000 shares of the company’s stock, valued at $1,944,890. The disclosure for this sale can be found here. Insiders have sold a total of 274,111 shares of company stock valued at $12,201,269 over the last 90 days. Insiders own 26.97% of the company’s stock.
Z has been the subject of a number of analyst reports. BidaskClub cut Zillow Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 price target on shares of Zillow Group in a report on Sunday, July 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.50 price target (up previously from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Deutsche Bank AG upped their price target on Zillow Group to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Finally, Cowen and Company reissued a “hold” rating on shares of Zillow Group in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Zillow Group has an average rating of “Hold” and a consensus target price of $46.06.
Zillow Group, Inc. (NASDAQ:Z) traded up 0.85% during midday trading on Friday, hitting $40.34. The stock had a trading volume of 1,413,354 shares. The firm’s market cap is $7.48 billion. The stock has a 50-day moving average price of $39.82 and a 200 day moving average price of $37.55. Zillow Group, Inc. has a 12-month low of $31.22 and a 12-month high of $40.94.
Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The company had revenue of $266.85 million for the quarter. On average, equities analysts anticipate that Zillow Group, Inc. will post $0.50 earnings per share for the current fiscal year.
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 people 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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