Daiwa Securities Group Inc. Has $503,000 Holdings in Zillow Group, Inc. (NASDAQ:Z)

Daiwa Securities Group Inc. increased its stake in Zillow Group, Inc. (NASDAQ:Z) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,836 shares of the financial services provider’s stock after purchasing an additional 800 shares during the period. Daiwa Securities Group Inc.’s holdings in Zillow Group were worth $503,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Natixis acquired a new position in shares of Zillow Group during the 1st quarter worth approximately $41,129,000. Greencape Capital Pty Ltd boosted its holdings in Zillow Group by 93.0% in the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock valued at $79,647,000 after acquiring an additional 786,600 shares during the last quarter. Coronation Fund Managers Ltd. raised its stake in Zillow Group by 238.9% during the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after buying an additional 609,575 shares during the last quarter. Norges Bank bought a new stake in shares of Zillow Group during the 4th quarter valued at about $34,718,000. Finally, Capital World Investors increased its stake in Zillow Group by 2.8% in the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after purchasing an additional 238,554 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on Z shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $80.00 in a report on Monday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.20.

Insider Buying and Selling at Zillow Group

In other news, Chairman Lloyd D. Frink sold 150,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the sale, the chairman now directly owns 582 shares in the company, valued at approximately $29,583.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares in the company, valued at $3,923,335.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lloyd D. Frink sold 150,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the transaction, the chairman now owns 582 shares in the company, valued at $29,583.06. The disclosure for this sale can be found here. Insiders sold a total of 198,548 shares of company stock valued at $10,221,048 in the last three months. Company insiders own 23.76% of the company’s stock.

Zillow Group Stock Up 4.8 %

Z opened at $62.59 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The firm’s fifty day moving average is $51.80 and its 200 day moving average is $48.16. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of -90.71 and a beta of 1.94. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $63.05.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $539.74 million. On average, sell-side analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Zillow Group Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.