Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Independent Franchise Partners LLP

Independent Franchise Partners LLP trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,022,250 shares of the financial services provider’s stock after selling 691,634 shares during the period. Zillow Group comprises about 5.1% of Independent Franchise Partners LLP’s holdings, making the stock its 12th biggest holding. Independent Franchise Partners LLP owned 5.09% of Zillow Group worth $557,712,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concord Wealth Partners acquired a new stake in Zillow Group during the 1st quarter valued at $26,000. Larson Financial Group LLC raised its position in Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Zillow Group in the 1st quarter worth about $37,000. Principal Securities Inc. acquired a new stake in Zillow Group during the 4th quarter worth about $53,000. Finally, Mather Group LLC. purchased a new position in Zillow Group during the 1st quarter valued at about $62,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Jennifer Rock sold 4,050 shares of Zillow Group 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 $3,923,335.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now owns 5,652 shares in the company, valued at $379,983.96. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock valued at $11,780,363 over the last quarter. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $67.09 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The company has a market cap of $15.85 billion, a PE ratio of -97.23 and a beta of 1.94. The firm has a fifty day moving average price of $53.47 and a two-hundred day moving average price of $48.53. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $68.73.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $539.74 million. Analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on Z. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Finally, Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Three investment 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, Zillow Group has an average rating of “Moderate Buy” and an average price target 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.