10,768 Shares in Zillow Group, Inc. $Z Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the third quarter, Holdings Channel reports. The fund bought 10,768 shares of the financial services provider’s stock, valued at approximately $830,000.

Several other institutional investors and hedge funds also recently bought and sold shares of Z. Vanguard Group Inc. increased its holdings in shares of Zillow Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 23,002,526 shares of the financial services provider’s stock worth $1,611,327,000 after buying an additional 412,571 shares during the last quarter. Ninety One UK Ltd grew its position in Zillow Group by 2.0% in the third quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock worth $371,788,000 after acquiring an additional 93,339 shares during the period. Eminence Capital LP grew its position 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 acquiring an additional 1,546,577 shares during the period. Geode Capital Management LLC increased its stake in 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 acquiring an additional 69,630 shares during the last quarter. Finally, Atreides Management LP raised its position in Zillow Group by 82.5% in the second 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 period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Performance

NASDAQ Z opened at $68.00 on Friday. The firm has a market cap of $16.46 billion, a price-to-earnings ratio of -485.68, a PEG ratio of 3.94 and a beta of 2.07. The firm has a 50 day simple moving average of $70.06 and a 200-day simple moving average of $76.10. Zillow Group, Inc. has a one year low of $57.51 and a one year high of $93.88.

Zillow Group (NASDAQ:Z) last announced its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The business had revenue of $729.00 million for the quarter, compared to analysts’ expectations of $670.28 million. Equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Bradley D. Owens sold 2,722 shares of Zillow Group stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $67.41, for a total value of $183,490.02. Following the completion of the transaction, the general counsel directly owned 37,974 shares in the company, valued at approximately $2,559,827.34. This trade represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Erik C. Blachford sold 965 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $72.51, for a total value of $69,972.15. Following the sale, the director owned 33,543 shares in the company, valued at approximately $2,432,202.93. This trade represents a 2.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 67,511 shares of company stock valued at $4,766,357. 25.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Z has been the subject of a number of research analyst reports. Exane BNP Paribas upgraded Zillow Group to a “strong-buy” rating in a report on Wednesday, January 14th. Oppenheimer began coverage on shares of Zillow Group in a research report on Monday, October 6th. They issued a “market perform” rating on the stock. Gordon Haskett upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. boosted their price target on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $93.83.

About Zillow Group

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.