Handelsbanken Fonder AB Increases Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Handelsbanken Fonder AB increased its position in Zillow Group, Inc. (NASDAQ:Z) by 26.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,100 shares of the financial services provider’s stock after purchasing an additional 7,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Zillow Group were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in Zillow Group by 203.1% in the third quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after acquiring an additional 2,312,241 shares in the last quarter. Ninety One UK Ltd raised its holdings in Zillow Group by 29.4% in the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after acquiring an additional 431,070 shares in the last quarter. Nordea Investment Management AB raised its holdings in Zillow Group by 688.9% in the third quarter. Nordea Investment Management AB now owns 426,611 shares of the financial services provider’s stock valued at $19,910,000 after acquiring an additional 372,532 shares in the last quarter. ING Groep NV acquired a new stake in Zillow Group in the third quarter valued at $16,359,000. Finally, Greencape Capital Pty Ltd raised its holdings in Zillow Group by 70.0% in the fourth quarter. Greencape Capital Pty Ltd now owns 846,190 shares of the financial services provider’s stock valued at $48,961,000 after acquiring an additional 348,354 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Zillow Group stock opened at $43.67 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. The company’s 50-day moving average price is $49.98 and its two-hundred day moving average price is $48.91. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $61.13.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to analysts’ expectations of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. As a group, analysts expect that Zillow Group, Inc. will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on Z shares. JPMorgan Chase & Co. raised their price target on shares of Zillow Group from $46.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group raised their price target on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $58.75.

Insider Transactions at Zillow Group

In other news, CAO Jennifer Rock sold 7,352 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the transaction, the chief accounting officer now owns 56,384 shares of the company’s stock, valued at approximately $3,230,239.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zillow Group news, CAO Jennifer Rock sold 7,352 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the completion of the transaction, the chief accounting officer now directly owns 56,384 shares in the company, valued at $3,230,239.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy Bohutinsky sold 93,750 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the completion of the transaction, the director now owns 5,652 shares of the company’s stock, valued at $320,411.88. The disclosure for this sale can be found here. Insiders have sold 171,289 shares of company stock valued at $9,642,508 in the last quarter. Insiders own 23.76% of the company’s stock.

About Zillow Group

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.