2,731,297 Zillow Group, Inc. $Z Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lessened its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 76.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 821,974 shares of the financial services provider’s stock after selling 2,731,297 shares during the period. Ninety One UK Ltd owned approximately 0.37% of Zillow Group worth $22,300,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Independent Franchise Partners LLP boosted its stake in Zillow Group by 0.9% during the fourth quarter. Independent Franchise Partners LLP now owns 10,953,405 shares of the financial services provider’s stock worth $747,241,000 after buying an additional 94,569 shares during the period. Tiger Global Management LLC raised its stake in shares of Zillow Group by 21.7% in the first quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after acquiring an additional 1,312,000 shares during the period. Contour Asset Management LLC raised its stake in shares of Zillow Group by 29.8% in the fourth quarter. Contour Asset Management LLC now owns 3,260,474 shares of the financial services provider’s stock valued at $222,430,000 after acquiring an additional 747,808 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Zillow Group by 21.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,896,206 shares of the financial services provider’s stock valued at $78,461,000 after acquiring an additional 338,803 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of Zillow Group by 455.6% in the first quarter. Quantinno Capital Management LP now owns 641,618 shares of the financial services provider’s stock valued at $26,550,000 after acquiring an additional 526,142 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Up 11.0%

Z stock opened at $31.46 on Friday. The business’s fifty day simple moving average is $31.88 and its two-hundred day simple moving average is $35.02. Zillow Group, Inc. has a twelve month low of $26.67 and a twelve month high of $79.40. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 143.01, a PEG ratio of 1.25 and a beta of 2.04.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $772.00 million during the quarter, compared to the consensus estimate of $758.10 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. Research analysts expect that Zillow Group, Inc. will post 0.88 EPS for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 3,169 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $35.37, for a total value of $112,087.53. Following the transaction, the insider directly owned 44,561 shares in the company, valued at $1,576,122.57. This represents a 6.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Erik C. Blachford sold 792 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total transaction of $28,282.32. Following the completion of the transaction, the director owned 34,160 shares in the company, valued at $1,219,853.60. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 38,539 shares of company stock worth $1,323,800 over the last ninety days. 25.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on Z. Evercore lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Morgan Stanley cut their price target on shares of Zillow Group from $60.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday. Zacks Research lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $76.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods decreased their price objective 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. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $57.71.

Zillow Group Profile

Zillow Group, Inc is a technology company that operates digital real estate marketplaces and related services in the United States. Its platforms help consumers search for homes to buy or rent, research neighborhoods and property values, connect with real estate professionals, and manage aspects of the transaction process.

The company’s portfolio includes Zillow, Trulia, StreetEasy and HotPads, along with services such as Zillow Premier Agent, Zillow Rentals, ShowingTime+ and Zillow Home Loans.