denkapparat Operations GmbH Invests $541,000 in Zillow Group, Inc. $Z

denkapparat Operations GmbH purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the second quarter, HoldingsChannel reports. The institutional investor purchased 17,164 shares of the financial services provider’s stock, valued at approximately $541,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC lifted its position in Zillow Group by 4.7% in the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 171 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Zillow Group by 21.7% in the 1st quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock worth $1,407,000 after purchasing an additional 3,653 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Zillow Group by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 23,064 shares of the financial services provider’s stock worth $1,616,000 after purchasing an additional 362 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Zillow Group by 186.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,678 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,092 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Zillow Group by 1,895.4% in the second quarter. First Trust Advisors LP now owns 128,362 shares of the financial services provider’s stock worth $8,992,000 after purchasing an additional 121,929 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

Zillow Group stock opened at $34.59 on Friday. Zillow Group, Inc. has a one year low of $29.23 and a one year high of $93.88. The stock has a fifty day moving average of $33.83 and a 200 day moving average of $38.07. The stock has a market cap of $7.78 billion, a PE ratio of 157.23, a price-to-earnings-growth ratio of 1.54 and a beta of 2.00.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. As a group, sell-side analysts predict that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Z has been the topic of several recent analyst reports. Evercore cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Zacks Research cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Zillow Group in a report on Wednesday, August 19th. Jefferies Financial Group dropped their price target on shares of Zillow Group from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating for the company in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.75.

Insider Transactions at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 9,339 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $34.18, for a total transaction of $319,207.02. Following the completion of the sale, the chief executive officer directly owned 138,574 shares of the company’s stock, valued at approximately $4,736,459.32. This represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 3,169 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $35.37, for a total transaction of $112,087.53. Following the completion of the transaction, the insider owned 44,561 shares in the company, valued at $1,576,122.57. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 39,330 shares of company stock worth $1,351,327. 25.03% of the stock is currently owned by corporate insiders.

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.