VGI PARTNERS PTY Ltd boosted its position in Zillow Group, Inc. (NASDAQ:Z) by 27.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,646,226 shares of the financial services provider’s stock after purchasing an additional 350,081 shares during the period. Zillow Group comprises approximately 9.8% of VGI PARTNERS PTY Ltd’s portfolio, making the stock its 4th biggest holding. VGI PARTNERS PTY Ltd owned 0.87% of Zillow Group worth $67,364,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Zillow Group during the fourth quarter worth $25,636,000. Coatue Management LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth $13,807,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Zillow Group during the fourth quarter worth $523,000. Amalgamated Bank lifted its position in shares of Zillow Group by 8.8% during the fourth quarter. Amalgamated Bank now owns 21,333 shares of the financial services provider’s stock worth $873,000 after acquiring an additional 1,726 shares in the last quarter. Finally, First Republic Investment Management Inc. lifted its position in shares of Zillow Group by 9.2% during the fourth quarter. First Republic Investment Management Inc. now owns 17,900 shares of the financial services provider’s stock worth $733,000 after acquiring an additional 1,508 shares in the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.
In other news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the sale, the insider now directly owns 4,334,008 shares in the company, valued at $193,296,756.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Spencer M. Rascoff sold 58,050 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $41.51, for a total transaction of $2,409,655.50. Following the sale, the chief executive officer now owns 70,050 shares of the company’s stock, valued at $2,907,775.50. The disclosure for this sale can be found here. Insiders have sold 327,586 shares of company stock worth $14,415,985 over the last ninety days. Insiders own 21.72% of the company’s stock.
Several equities research analysts have issued reports on Z shares. BidaskClub upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Cowen reaffirmed a “hold” rating on shares of Zillow Group in a report on Friday, February 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $55.00 price target (up previously from $50.00) on shares of Zillow Group in a report on Tuesday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.79.
Zillow Group, Inc. (Z) traded up $1.40 on Wednesday, reaching $58.64. The company had a trading volume of 1,285,238 shares, compared to its average volume of 1,338,244. The company has a market capitalization of $10,863.15, a PE ratio of -114.98 and a beta of 0.72. The company has a current ratio of 7.11, a quick ratio of 7.11 and a debt-to-equity ratio of 0.14. Zillow Group, Inc. has a 1-year low of $32.56 and a 1-year high of $58.93.
Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Zillow Group had a positive return on equity of 0.03% and a negative net margin of 8.77%. The firm had revenue of $282.33 million for the quarter.
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Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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