Engineers Gate Manager LP Purchases Shares of 148,348 Zillow Group, Inc. $Z

Engineers Gate Manager LP bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 148,348 shares of the financial services provider’s stock, valued at approximately $4,676,000.

A number of other institutional investors have also recently bought and sold shares of Z. Integrated Wealth Concepts LLC acquired a new stake in shares of Zillow Group during the 2nd quarter valued at about $78,000. Maven Securities LTD raised its position in Zillow Group by 80.0% in the second quarter. Maven Securities LTD now owns 73,385 shares of the financial services provider’s stock worth $2,313,000 after purchasing an additional 32,616 shares in the last quarter. Nykredit A S bought a new position in Zillow Group during the second quarter worth about $238,000. Corient Private Wealth LP grew its stake in shares of Zillow Group by 229.9% in the 2nd quarter. Corient Private Wealth LP now owns 17,090 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 11,909 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Zillow Group during the 2nd quarter worth approximately $325,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In other news, Director Claire Cormier Thielke sold 1,187 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $35.71, for a total transaction of $42,387.77. Following the completion of the sale, the director owned 2,375 shares in the company, valued at approximately $84,811.25. This trade represents a 33.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Hofmann sold 5,661 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $34.18, for a total value of $193,492.98. Following the transaction, the chief financial officer owned 59,144 shares in the company, valued at approximately $2,021,541.92. This trade represents a 8.74% decrease in their position. 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. Over the last ninety days, insiders have sold 38,539 shares of company stock valued at $1,323,800. Company insiders own 25.03% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the topic of a number of analyst reports. Morgan Stanley set a $60.00 price target on Zillow Group in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d)” rating on shares of Zillow Group in a research note on Wednesday, August 19th. Sanford C. Bernstein lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Wall Street Zen cut shares of Zillow Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.75.

Zillow Group Stock Up 4.0%

Shares of NASDAQ Z opened at $32.50 on Friday. The company’s fifty day moving average is $33.83 and its 200-day moving average is $37.65. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 147.73, a P/E/G ratio of 1.41 and a beta of 2.00. Zillow Group, Inc. has a twelve month low of $29.23 and a twelve month high of $93.88.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The firm had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.10 million. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. On average, research analysts anticipate that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Zillow Group Profile

Zillow Group, Inc is a digital real estate company that operates online marketplaces and technology platforms designed to help consumers discover, buy, sell, rent and finance homes. Its websites and mobile applications provide property listings, home values, market data, search tools and connections to real estate professionals.

The company’s portfolio includes Zillow, Trulia, StreetEasy and HotPads, which serve residential real estate consumers and professionals across the United States.