Zillow Group, Inc. (Z) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. grew its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 306,268 shares of the financial services provider’s stock after acquiring an additional 19,216 shares during the period. UBS Asset Management Americas Inc. owned 0.17% of Zillow Group worth $15,010,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Zillow Group by 878.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after buying an additional 2,830 shares during the period. Gillespie Robinson & Grimm Inc. acquired a new position in shares of Zillow Group during the 2nd quarter worth approximately $204,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Zillow Group during the 1st quarter worth approximately $209,000. Aperio Group LLC acquired a new position in shares of Zillow Group during the 2nd quarter worth approximately $218,000. Finally, World Asset Management Inc acquired a new position in shares of Zillow Group during the 2nd quarter worth approximately $221,000. Hedge funds and other institutional investors own 86.13% of the company’s stock.
In other Zillow Group news, CEO Spencer M. Rascoff sold 20,941 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $39.39, for a total value of $824,865.99. Following the sale, the chief executive officer now owns 6,614 shares of the company’s stock, valued at approximately $260,525.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Spencer M. Rascoff sold 22,400 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 7,500 shares in the company, valued at approximately $342,975. The disclosure for this sale can be found here. Insiders have sold a total of 273,282 shares of company stock valued at $12,100,366 over the last 90 days. 21.72% of the stock is currently owned by company insiders.
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Shares of Zillow Group, Inc. (NASDAQ Z) opened at 40.95 on Wednesday. The company’s market capitalization is $7.59 billion. Zillow Group, Inc. has a 12-month low of $31.22 and a 12-month high of $51.23. The firm’s 50-day moving average is $39.41 and its 200-day moving average is $41.46.
Zillow Group (NASDAQ:Z) last announced its quarterly earnings data 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 business had revenue of $266.85 million during the quarter. On average, equities analysts predict that Zillow Group, Inc. will post $0.50 EPS for the current year.
Several research firms have recently issued reports on Z. BidaskClub raised Zillow Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Cowen and Company restated a “hold” rating on shares of Zillow Group in a research report on Friday, July 14th. Benchmark Co. reaffirmed a “buy” rating and issued a $55.00 price target on shares of Zillow Group in a research note on Sunday, July 2nd. Deutsche Bank AG boosted their price target on Zillow Group to $50.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $54.50 price objective (up previously from $46.00) on shares of Zillow Group in a research report on Friday, June 30th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.06.
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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