Vinva Investment Management Ltd Increases Position in Zillow Group, Inc. $Z

Vinva Investment Management Ltd grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 759.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 89,271 shares of the financial services provider’s stock after acquiring an additional 78,887 shares during the period. Vinva Investment Management Ltd’s holdings in Zillow Group were worth $7,190,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Hel Ved Capital Management Ltd purchased a new stake in shares of Zillow Group in the 3rd quarter worth approximately $543,000. Amova Asset Management Americas Inc. raised its stake in Zillow Group by 114.1% during the third quarter. Amova Asset Management Americas Inc. now owns 454,958 shares of the financial services provider’s stock valued at $35,036,000 after buying an additional 242,453 shares during the last quarter. ARK Investment Management LLC raised its stake in Zillow Group by 109.0% during the third quarter. ARK Investment Management LLC now owns 261,166 shares of the financial services provider’s stock valued at $20,123,000 after buying an additional 136,228 shares during the last quarter. Bellwether Advisors LLC bought a new stake in Zillow Group in the third quarter worth $1,758,000. Finally, NZS Capital LLC boosted its holdings in Zillow Group by 6.7% in the third quarter. NZS Capital LLC now owns 322,803 shares of the financial services provider’s stock worth $24,872,000 after acquiring an additional 20,373 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Performance

Zillow Group stock opened at $45.91 on Monday. Zillow Group, Inc. has a one year low of $41.91 and a one year high of $93.88. The stock has a fifty day moving average of $57.84 and a 200 day moving average of $69.83. The stock has a market cap of $11.02 billion, a PE ratio of 510.17, a price-to-earnings-growth ratio of 2.57 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. The firm had revenue of $654.00 million for the quarter, compared to the consensus estimate of $650.40 million. As a group, sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on Z shares. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Mizuho cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Hold” and a consensus price target of $90.60.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 7,015 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $44.21, for a total value of $310,133.15. Following the transaction, the insider directly owned 113,800 shares in the company, valued at approximately $5,031,098. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Hofmann sold 7,786 shares of Zillow Group stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total transaction of $340,481.78. Following the transaction, the chief financial officer owned 57,487 shares in the company, valued at $2,513,906.51. This represents a 11.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,801 shares of company stock valued at $2,683,986 in the last 90 days. 23.76% of the stock is owned by insiders.

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.