WINTON GROUP Ltd Invests $4.76 Million in Zillow Group, Inc. $Z

WINTON GROUP Ltd bought a new position in Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 69,822 shares of the financial services provider’s stock, valued at approximately $4,763,000.

Several other institutional investors and hedge funds have also recently modified their holdings of Z. V Square Quantitative Management LLC purchased a new position in shares of Zillow Group during the 4th quarter valued at about $28,000. Flagship Harbor Advisors LLC purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $43,000. Clearstead Advisors LLC increased its stake in shares of Zillow Group by 4,119.0% during the third quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock valued at $68,000 after buying an additional 865 shares during the period. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $71,000. Finally, GAMMA Investing LLC increased its stake in shares of Zillow Group by 21.4% during the fourth quarter. GAMMA Investing LLC now owns 1,186 shares of the financial services provider’s stock valued at $81,000 after buying an additional 209 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

Zillow Group stock opened at $35.06 on Friday. The stock has a market cap of $8.02 billion, a PE ratio of 140.24, a price-to-earnings-growth ratio of 1.50 and a beta of 1.97. Zillow Group, Inc. has a one year low of $34.37 and a one year high of $93.88. The stock has a fifty day moving average of $40.42 and a 200 day moving average of $53.38.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on Z shares. Weiss Ratings lowered Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Keefe, Bruyette & Woods lowered their price target on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, May 7th. JPMorgan Chase & Co. lowered their price target on Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, UBS Group reduced their price objective on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 5,501 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $205,737.40. Following the completion of the sale, the chief financial officer owned 68,315 shares in the company, valued at $2,554,981. This represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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, insider Dan Spaulding sold 3,078 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the sale, the insider owned 49,696 shares of the company’s stock, valued at approximately $1,858,630.40. The trade was a 5.83% decrease in their position. 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. Over the last 90 days, insiders have sold 42,119 shares of company stock valued at $1,578,206. 25.03% of the stock is currently owned by corporate insiders.

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.