Legacy Capital Group California Inc. Raises Stake in Zillow Group, Inc. (NASDAQ:Z)

Legacy Capital Group California Inc. raised its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,794 shares of the financial services provider’s stock after purchasing an additional 264 shares during the period. Legacy Capital Group California Inc.’s holdings in Zillow Group were worth $509,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in Z. FMR LLC lifted its holdings in shares of Zillow Group by 203.1% in the third quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock worth $159,285,000 after buying an additional 2,312,241 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of Zillow Group by 29.4% in the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock worth $109,898,000 after buying an additional 431,070 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Zillow Group by 688.9% in the third quarter. Nordea Investment Management AB now owns 426,611 shares of the financial services provider’s stock worth $19,910,000 after buying an additional 372,532 shares in the last quarter. Greencape Capital Pty Ltd lifted its holdings in shares of Zillow Group by 70.0% in the fourth quarter. Greencape Capital Pty Ltd now owns 846,190 shares of the financial services provider’s stock worth $48,961,000 after buying an additional 348,354 shares in the last quarter. Finally, Eminence Capital LP lifted its holdings in shares of Zillow Group by 11.9% in the third quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider’s stock worth $142,416,000 after buying an additional 329,191 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other news, insider Susan Daimler sold 15,206 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $56.36, for a total transaction of $857,010.16. Following the completion of the sale, the insider now directly owns 36,148 shares of the company’s stock, valued at $2,037,301.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Daimler sold 15,206 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $56.36, for a total transaction of $857,010.16. Following the completion of the sale, the insider now directly owns 36,148 shares of the company’s stock, valued at $2,037,301.28. The disclosure for this sale can be found here. Insiders have sold 120,988 shares of company stock worth $6,808,800 over the last quarter. Insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on Z. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Jefferies Financial Group boosted their price target on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Wedbush reduced their price target on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.20.

Zillow Group Stock Performance

Z stock traded down $0.12 during mid-day trading on Friday, reaching $44.63. 961,667 shares of the stock traded hands, compared to its average volume of 3,920,591. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $61.13. The business has a 50-day moving average price of $46.32 and a two-hundred day moving average price of $49.08.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $529.00 million for the quarter, compared to the consensus estimate of $509.30 million. During the same quarter last year, the firm earned ($0.06) EPS. As a group, analysts forecast that Zillow Group, Inc. will post -0.18 earnings per share for the current fiscal year.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.