Zillow Group, Inc. $Z Position Lessened by Yost Capital Management LP

Yost Capital Management LP lessened its holdings in Zillow Group, Inc. (NASDAQ:Z) by 38.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,400 shares of the financial services provider’s stock after selling 30,000 shares during the period. Zillow Group accounts for approximately 4.7% of Yost Capital Management LP’s portfolio, making the stock its 9th largest holding. Yost Capital Management LP’s holdings in Zillow Group were worth $3,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Zillow Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after buying an additional 71,336 shares in the last quarter. Capital World Investors raised its position in shares of Zillow Group by 1.8% in the fourth quarter. Capital World Investors now owns 10,826,066 shares of the financial services provider’s stock worth $738,554,000 after buying an additional 191,058 shares in the last quarter. State Street Corp raised its position in shares of Zillow Group by 3.9% in the fourth quarter. State Street Corp now owns 3,838,788 shares of the financial services provider’s stock worth $261,882,000 after buying an additional 143,726 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Zillow Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,363,657 shares of the financial services provider’s stock worth $228,898,000 after buying an additional 55,323 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Zillow Group by 43.9% in the fourth quarter. Morgan Stanley now owns 3,197,447 shares of the financial services provider’s stock worth $218,130,000 after buying an additional 976,151 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $32.03 on Monday. The stock’s 50-day moving average price is $39.70 and its 200-day moving average price is $52.03. Zillow Group, Inc. has a 12-month low of $31.49 and a 12-month high of $93.88. The stock has a market capitalization of $7.33 billion, a P/E ratio of 128.12, a price-to-earnings-growth ratio of 1.37 and a beta of 1.97.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $705.10 million. As a group, research analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings cut Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Royal Bank Of Canada reduced their target price on Zillow Group from $95.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reduced their target price on Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. UBS Group reduced their target price on Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Zacks Research cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $76.00.

Insider Activity

In other news, insider Dan Spaulding sold 3,078 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $115,117.20. Following the transaction, the insider directly owned 49,696 shares of the company’s stock, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Bradley D. Owens sold 3,364 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $37.23, for a total value of $125,241.72. Following the transaction, the general counsel directly owned 65,245 shares in the company, valued at $2,429,071.35. This trade represents a 4.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 42,910 shares of company stock valued at $1,605,732. Company insiders own 23.76% of the company’s stock.

Zillow Group Company 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.