Mitsubishi UFJ Trust & Banking Corp Buys 16,296 Shares of Zillow Group, Inc. $Z

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,512 shares of the financial services provider’s stock after purchasing an additional 16,296 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Zillow Group were worth $5,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pittenger & Anderson Inc. raised its stake in shares of Zillow Group by 32.8% during the 3rd quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 135 shares during the period. Lansforsakringar Fondforvaltning AB publ raised its stake in shares of Zillow Group by 0.3% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 48,575 shares of the financial services provider’s stock valued at $3,743,000 after purchasing an additional 144 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Zillow Group by 20.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 954 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 162 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of Zillow Group by 58.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 163 shares during the period. Finally, Doliver Advisors LP raised its stake in shares of Zillow Group by 1.8% during the 4th quarter. Doliver Advisors LP now owns 9,687 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 171 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Up 2.0%

Shares of NASDAQ Z opened at $45.28 on Friday. The firm has a market capitalization of $10.86 billion, a P/E ratio of 503.17, a P/E/G ratio of 2.22 and a beta of 2.07. The stock’s 50-day simple moving average is $43.70 and its two-hundred day simple moving average is $59.43. Zillow Group, Inc. has a twelve month low of $39.05 and a twelve month high of $93.88.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. As a group, research analysts anticipate that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jeremy Hofmann sold 7,786 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total value of $340,481.78. Following the transaction, the chief financial officer owned 57,487 shares of the company’s stock, valued at $2,513,906.51. This represents a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeremy Wacksman sold 13,661 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total value of $604,499.25. Following the completion of the transaction, the chief executive officer directly owned 116,322 shares in the company, valued at approximately $5,147,248.50. This represents a 10.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 60,801 shares of company stock valued at $2,683,986 over the last quarter. Insiders own 25.03% of the company’s stock.

Analyst Ratings Changes

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

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.