Zillow Group, Inc. $Z Stock Holdings Increased by ABC Arbitrage SA

ABC Arbitrage SA lifted its holdings in Zillow Group, Inc. (NASDAQ:Z) by 1,052.0% in the 4th quarter, HoldingsChannel reports. The firm owned 49,616 shares of the financial services provider’s stock after purchasing an additional 45,309 shares during the quarter. ABC Arbitrage SA’s holdings in Zillow Group were worth $3,385,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nan Fung Trinity HK Ltd. lifted its position in Zillow Group by 32.6% in the fourth quarter. Nan Fung Trinity HK Ltd. now owns 312,340 shares of the financial services provider’s stock worth $21,308,000 after purchasing an additional 76,800 shares during the period. NewEdge Wealth LLC increased its position in shares of Zillow Group by 12.0% during the 4th quarter. NewEdge Wealth LLC now owns 77,544 shares of the financial services provider’s stock valued at $5,290,000 after purchasing an additional 8,319 shares during the period. Ethic Inc. raised its stake in shares of Zillow Group by 81.1% in the 4th quarter. Ethic Inc. now owns 10,912 shares of the financial services provider’s stock worth $744,000 after buying an additional 4,887 shares in the last quarter. Kessler Investment Group LLC lifted its holdings in shares of Zillow Group by 2.6% in the fourth quarter. Kessler Investment Group LLC now owns 96,925 shares of the financial services provider’s stock valued at $6,612,000 after buying an additional 2,480 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at $173,000. 71.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Weiss Ratings upgraded shares of Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.75.

Insiders Place Their Bets

In other Zillow Group news, General Counsel Bradley D. Owens sold 2,602 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $44.42, for a total transaction of $115,580.84. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeremy Wacksman sold 13,661 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total value of $604,499.25. Following the completion of the sale, the chief executive officer owned 116,322 shares of the company’s stock, valued at $5,147,248.50. The trade was a 10.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 60,801 shares of company stock worth $2,683,986 in the last quarter. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Trading Down 2.4%

Shares of Z opened at $40.44 on Tuesday. The business’s 50-day moving average price is $43.50 and its 200 day moving average price is $58.22. The stock has a market capitalization of $9.70 billion, a P/E ratio of 161.76, a P/E/G ratio of 2.03 and a beta of 2.07. Zillow Group, Inc. has a 1-year low of $39.05 and a 1-year high of $93.88.

Zillow Group (NASDAQ:Z) last posted 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 analyst estimates of $705.10 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. On average, research analysts predict that Zillow Group, Inc. will post 0.82 earnings per share for the current 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.