Independent Franchise Partners LLP Has $836.67 Million Position in Zillow Group, Inc. $Z

Independent Franchise Partners LLP trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,858,836 shares of the financial services provider’s stock after selling 181,085 shares during the period. Zillow Group comprises about 5.5% of Independent Franchise Partners LLP’s portfolio, making the stock its 7th largest position. Independent Franchise Partners LLP’s holdings in Zillow Group were worth $836,673,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in Zillow Group in the 3rd quarter worth $27,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Zillow Group in the 3rd quarter valued at about $29,000. Cullen Frost Bankers Inc. raised its stake in shares of Zillow Group by 58.6% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 163 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Zillow Group by 58.2% in the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter. Finally, Pittenger & Anderson Inc. lifted its holdings in shares of Zillow Group by 32.8% in the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 135 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Two research 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.60.

Zillow Group Price Performance

Zillow Group stock opened at $42.90 on Friday. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 476.72, a P/E/G ratio of 2.31 and a beta of 2.10. The firm has a 50-day moving average of $55.37 and a 200-day moving average of $68.60. Zillow Group, Inc. has a one year low of $41.13 and a one year high of $93.88.

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

Insider Transactions at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 7,786 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total transaction of $340,481.78. Following the transaction, the chief financial officer owned 57,487 shares of the company’s stock, valued at $2,513,906.51. The trade was a 11.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 7,015 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $44.21, for a total value of $310,133.15. Following the sale, the insider owned 113,800 shares in the company, valued at approximately $5,031,098. This represents a 5.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 60,801 shares of company stock valued at $2,683,986. 25.03% of the stock is owned by insiders.

Zillow Group 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.