Intech Investment Management LLC Raises Position in Zillow Group, Inc. $Z

Intech Investment Management LLC increased its holdings in Zillow Group, Inc. (NASDAQ:Z) by 157.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,756 shares of the financial services provider’s stock after acquiring an additional 17,588 shares during the quarter. Intech Investment Management LLC’s holdings in Zillow Group were worth $1,962,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in Z. V Square Quantitative Management LLC purchased a new position in Zillow Group in the 4th quarter worth $28,000. Flagship Harbor Advisors LLC purchased a new position in Zillow Group in the 4th quarter worth $43,000. Clearstead Advisors LLC raised its position in Zillow Group by 4,119.0% in the 3rd quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 865 shares during the period. GAMMA Investing LLC raised its position in Zillow Group by 21.4% in the 4th quarter. GAMMA Investing LLC now owns 1,186 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 209 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in Zillow Group in the 3rd quarter worth $88,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In related news, insider Errol G. Samuelson sold 2,939 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $37.97, for a total transaction of $111,593.83. Following the sale, the insider owned 134,039 shares of the company’s stock, valued at $5,089,460.83. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Wacksman sold 9,072 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.54, for a total transaction of $331,490.88. Following the sale, the chief executive officer directly owned 153,699 shares in the company, valued at $5,616,161.46. The trade was a 5.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,119 shares of company stock valued at $1,578,206 over the last three months. 25.03% of the stock is currently owned by corporate insiders.

Zillow Group Price Performance

NASDAQ:Z opened at $35.51 on Thursday. Zillow Group, Inc. has a one year low of $34.37 and a one year high of $93.88. The company’s 50-day simple moving average is $40.78 and its 200 day simple moving average is $53.74. The firm has a market capitalization of $8.12 billion, a P/E ratio of 142.04, a PEG ratio of 1.55 and a beta of 1.97.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The business had revenue of $708.00 million for the quarter, compared to analyst estimates of $705.10 million. On average, equities research analysts expect that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. cut their price target on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Zacks Research raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, UBS Group cut their price target on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

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.