Zillow Group, Inc. (NASDAQ:Z) Stock Holdings Lessened by Tredje AP fonden

Tredje AP fonden reduced its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,564 shares of the financial services provider’s stock after selling 870 shares during the quarter. Tredje AP fonden owned approximately 0.06% of Zillow Group worth $6,892,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in Z. Vanguard Group Inc. increased its position in Zillow Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock worth $1,039,676,000 after purchasing an additional 176,449 shares during the last quarter. Capital World Investors increased its holdings 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 worth $431,519,000 after buying an additional 238,554 shares during the last quarter. Greencape Capital Pty Ltd raised its position in Zillow Group by 93.0% during 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 in the last quarter. Dimensional Fund Advisors LP raised its position in Zillow Group by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock valued at $66,032,000 after acquiring an additional 139,489 shares in the last quarter. Finally, Coronation Fund Managers Ltd. lifted its stake in Zillow Group by 238.9% in the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after acquiring an additional 609,575 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Trading Up 3.7 %

Shares of Z opened at $65.11 on Thursday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market cap of $15.07 billion, a PE ratio of -94.36 and a beta of 1.94. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $67.60. The stock has a 50 day simple moving average of $52.77 and a 200-day simple moving average of $48.37.

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

Insider Buying and Selling at Zillow Group

In related news, CAO Jennifer Rock sold 4,050 shares of Zillow Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction on 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 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. In the last quarter, insiders sold 201,374 shares of company stock worth $10,393,745. 23.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Zillow Group Company 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.