Zillow Group, Inc. $Z is Greencape Capital Pty Ltd’s 2nd Largest Position

Greencape Capital Pty Ltd lessened its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 18.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,088,401 shares of the financial services provider’s stock after selling 471,928 shares during the quarter. Zillow Group comprises 39.4% of Greencape Capital Pty Ltd’s investment portfolio, making the stock its 2nd biggest holding. Greencape Capital Pty Ltd owned about 0.86% of Zillow Group worth $160,911,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Zillow Group by 143.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,467 shares of the financial services provider’s stock valued at $118,000 after buying an additional 865 shares during the last quarter. Alps Advisors Inc. boosted its stake in Zillow Group by 3.3% during the 3rd quarter. Alps Advisors Inc. now owns 18,219 shares of the financial services provider’s stock worth $1,404,000 after purchasing an additional 578 shares during the period. Envestnet Asset Management Inc. grew its position in Zillow Group by 44.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 77,357 shares of the financial services provider’s stock worth $5,960,000 after purchasing an additional 23,685 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Zillow Group by 3.8% in the third quarter. Allianz Asset Management GmbH now owns 9,440 shares of the financial services provider’s stock valued at $727,000 after buying an additional 344 shares during the last quarter. Finally, American Assets Capital Advisers LLC boosted its stake in shares of Zillow Group by 129.5% during the third quarter. American Assets Capital Advisers LLC now owns 15,621 shares of the financial services provider’s stock worth $1,258,000 after buying an additional 8,813 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Performance

Z opened at $54.97 on Friday. The business has a 50 day moving average price of $68.20 and a 200 day moving average price of $74.99. The firm has a market cap of $13.31 billion, a P/E ratio of -392.61, a price-to-earnings-growth ratio of 3.19 and a beta of 2.08. Zillow Group, Inc. has a twelve month low of $53.61 and a twelve month high of $93.88.

Insider Buying and Selling at Zillow Group

In related news, insider Dan Spaulding sold 5,455 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $69.40, for a total value of $378,577.00. Following the completion of the transaction, the insider directly owned 50,342 shares of the company’s stock, valued at $3,493,734.80. This trade represents a 9.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 2,722 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total transaction of $183,490.02. Following the completion of the sale, the general counsel directly owned 37,974 shares in the company, valued at $2,559,827.34. This trade represents a 6.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 67,511 shares of company stock valued at $4,766,357 in the last quarter. 25.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Zillow Group presently has an average rating of “Hold” and a consensus target price of $93.83.

Zillow Group Company 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.