Geode Capital Management LLC Has $228.90 Million Holdings in Zillow Group, Inc. $Z

Geode Capital Management LLC grew its holdings in Zillow Group, Inc. (NASDAQ:Z) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,363,657 shares of the financial services provider’s stock after acquiring an additional 55,323 shares during the quarter. Geode Capital Management LLC’s holdings in Zillow Group were worth $228,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $43,000. Clearstead Advisors LLC raised its holdings in shares of Zillow Group by 4,119.0% in the third quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 865 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Zillow Group in the third quarter valued at approximately $88,000. Finally, GAMMA Investing LLC raised its holdings in shares of Zillow Group by 21.4% in the fourth quarter. GAMMA Investing LLC now owns 1,186 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 209 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Trading Up 0.3%

Shares of Z opened at $36.37 on Wednesday. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 145.48, a PEG ratio of 1.55 and a beta of 1.97. Zillow Group, Inc. has a 1-year low of $34.64 and a 1-year high of $93.88. The company’s fifty day simple moving average is $41.12 and its 200 day simple moving average is $54.24.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $708.00 million for 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, research analysts forecast that Zillow Group, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In related news, CEO Jeremy Wacksman sold 9,072 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $36.54, for a total transaction of $331,490.88. Following the transaction, the chief executive officer directly owned 153,699 shares in the company, valued at approximately $5,616,161.46. The trade was a 5.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Bradley D. Owens sold 3,364 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $37.23, for a total transaction of $125,241.72. Following the transaction, the general counsel owned 65,245 shares in the company, valued at approximately $2,429,071.35. The trade was a 4.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 sold 42,119 shares of company stock valued at $1,578,206 in the last 90 days. Company insiders own 23.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on Z shares. JPMorgan Chase & Co. lowered their price objective on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group lowered their price objective on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Weiss Ratings downgraded shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.00.

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.