Zillow Group, Inc. $Z Shares Acquired by Capital World Investors

Capital World Investors boosted its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,826,066 shares of the financial services provider’s stock after purchasing an additional 191,058 shares during the period. Capital World Investors’ holdings in Zillow Group were worth $738,554,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Jain Global LLC purchased a new position in Zillow Group in the 3rd quarter valued at about $6,220,000. Coronation Fund Managers Ltd. purchased a new position in Zillow Group in the 3rd quarter valued at about $18,141,000. Vanguard Group Inc. lifted its stake in Zillow Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after buying an additional 71,336 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Zillow Group by 228.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 470,288 shares of the financial services provider’s stock valued at $32,083,000 after buying an additional 327,076 shares in the last quarter. Finally, Hidden Lake Asset Management LP purchased a new position in Zillow Group in the 3rd quarter valued at about $4,127,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on Z. Weiss Ratings lowered shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Wall Street Zen raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. decreased their price target on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Finally, UBS Group decreased their price target on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.00.

Zillow Group Stock Performance

Z stock opened at $35.06 on Monday. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 140.24, a PEG ratio of 1.50 and a beta of 1.97. Zillow Group, Inc. has a 12 month low of $34.37 and a 12 month high of $93.88. The firm has a 50-day moving average of $40.42 and a two-hundred day moving average of $53.27.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.10 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 2,939 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $37.97, for a total value of $111,593.83. Following the completion of the sale, the insider owned 134,039 shares in the company, valued at approximately $5,089,460.83. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Bradley D. Owens sold 3,364 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $37.23, for a total transaction of $125,241.72. Following the completion of the sale, the general counsel owned 65,245 shares of the company’s stock, valued at approximately $2,429,071.35. The trade was a 4.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 42,119 shares of company stock worth $1,578,206 in the last 90 days. Corporate insiders own 25.03% of the company’s stock.

About Zillow Group

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.