Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in Zillow Group, Inc. $Z

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Zillow Group, Inc. (NASDAQ:Z) by 12.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,335 shares of the financial services provider’s stock after selling 7,635 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Zillow Group were worth $4,264,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC boosted its stake in Zillow Group by 4.7% in the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after buying an additional 171 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Zillow Group by 21.7% during the first quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock worth $1,407,000 after acquiring an additional 3,653 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Zillow Group by 25.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 159 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Zillow Group by 46.0% in the 2nd quarter. GAMMA Investing LLC now owns 886 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 279 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Zillow Group by 19.2% in the 2nd quarter. Fifth Third Bancorp now owns 1,405 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 226 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zillow Group news, CEO Jeremy Wacksman sold 10,855 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.99, for a total transaction of $759,741.45. Following the transaction, the chief executive officer directly owned 134,712 shares of the company’s stock, valued at approximately $9,428,492.88. The trade was a 7.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Erik C. Blachford sold 965 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $72.51, for a total transaction of $69,972.15. Following the completion of the transaction, the director owned 33,543 shares of the company’s stock, valued at $2,432,202.93. This trade represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 67,511 shares of company stock valued at $4,766,357 over the last quarter. 23.76% of the stock is owned by company insiders.

Zillow Group Price Performance

Z opened at $66.62 on Wednesday. Zillow Group, Inc. has a one year low of $57.51 and a one year high of $93.88. The business has a 50 day simple moving average of $70.07 and a two-hundred day simple moving average of $75.96. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of -475.82, a PEG ratio of 4.03 and a beta of 2.07.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The business had revenue of $729.00 million during the quarter, compared to the consensus estimate of $670.28 million. Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%. As a group, sell-side analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of analyst reports. Mizuho cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Gordon Haskett upgraded Zillow Group to a “strong-buy” rating in a report on Friday, October 3rd. Exane BNP Paribas raised Zillow Group to a “strong-buy” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. raised their price target on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and an average target price of $93.83.

Zillow Group Profile

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.