Vanguard Group Inc. Buys 71,336 Shares of Zillow Group, Inc. $Z

Vanguard Group Inc. raised its stake in Zillow Group, Inc. (NASDAQ:Z) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,073,862 shares of the financial services provider’s stock after purchasing an additional 71,336 shares during the period. Vanguard Group Inc. owned 0.10% of Zillow Group worth $1,777,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of Z. Ninety One UK Ltd grew its position in shares of Zillow Group by 2.0% in the 3rd quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock worth $371,788,000 after buying an additional 93,339 shares during the last quarter. Eminence Capital LP grew its holdings in Zillow Group by 63.6% in the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after purchasing an additional 1,546,577 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Zillow Group by 2.3% during the second quarter. Geode Capital Management LLC now owns 3,142,403 shares of the financial services provider’s stock worth $219,467,000 after purchasing an additional 69,630 shares in the last quarter. Atreides Management LP lifted its holdings in shares of Zillow Group by 82.5% during the 2nd quarter. Atreides Management LP now owns 856,008 shares of the financial services provider’s stock valued at $59,963,000 after purchasing an additional 386,947 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Zillow Group by 47.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 837,134 shares of the financial services provider’s stock valued at $64,501,000 after purchasing an additional 269,953 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Trading Down 0.0%

NASDAQ Z opened at $45.54 on Friday. The stock has a 50-day moving average of $63.21 and a 200 day moving average of $72.92. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 506.08, a PEG ratio of 2.52 and a beta of 2.08. Zillow Group, Inc. has a twelve month low of $42.50 and a twelve month high of $93.88.

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

Insider Transactions at Zillow Group

In other news, insider Errol G. Samuelson sold 7,015 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $44.21, for a total value of $310,133.15. Following the completion of the sale, the insider directly owned 113,800 shares in the company, valued at $5,031,098. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO David A. Beitel sold 3,966 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $175,376.52. Following the transaction, the chief technology officer owned 136,690 shares in the company, valued at $6,044,431.80. The trade was a 2.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,007 shares of company stock worth $2,771,433 in the last quarter. 25.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on Z. JPMorgan Chase & Co. upped their target price on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Zelman & Associates upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Keefe, Bruyette & Woods cut their price target on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, February 9th. Finally, Barclays upgraded shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $90.60.

Zillow Group Company 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.