TB Alternative Assets Ltd. Cuts Stock Position in Zillow Group, Inc. $Z

TB Alternative Assets Ltd. cut its holdings in Zillow Group, Inc. (NASDAQ:Z) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 366,272 shares of the financial services provider’s stock after selling 40,846 shares during the quarter. Zillow Group comprises approximately 4.1% of TB Alternative Assets Ltd.’s holdings, making the stock its 8th largest position. TB Alternative Assets Ltd. owned about 0.15% of Zillow Group worth $24,987,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Jain Global LLC bought a new stake in Zillow Group in the third quarter worth $6,220,000. Rakuten Investment Management Inc. acquired a new position in Zillow Group during the third quarter worth $2,919,000. Y Intercept Hong Kong Ltd raised its holdings in Zillow Group by 63.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 85,210 shares of the financial services provider’s stock valued at $6,565,000 after buying an additional 32,975 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Zillow Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after buying an additional 71,336 shares during the last quarter. Finally, Coronation Fund Managers Ltd. acquired a new stake in shares of Zillow Group in the third quarter worth about $18,141,000. 71.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on Z shares. Zelman & Associates raised 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 report on Wednesday, January 21st. Keefe, Bruyette & Woods decreased their target price on Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, February 9th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Finally, Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $90.60.

Insider Transactions at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 2,602 shares of Zillow Group stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $44.42, for a total value of $115,580.84. Following the transaction, the general counsel directly owned 33,355 shares of the company’s stock, valued at $1,481,629.10. The trade was a 7.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dan Spaulding sold 5,361 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the transaction, the insider owned 41,080 shares of the company’s stock, valued at approximately $1,805,466. This trade represents a 11.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 60,801 shares of company stock worth $2,683,986. Insiders own 25.03% of the company’s stock.

Zillow Group Price Performance

Z stock opened at $40.49 on Thursday. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 449.94, a price-to-earnings-growth ratio of 2.31 and a beta of 2.10. The company has a 50-day moving average of $49.02 and a two-hundred day moving average of $64.61. Zillow Group, Inc. has a 52-week low of $39.97 and a 52-week high of $93.88.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The business had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.