Zillow Group, Inc. $Z Stock Sold by Manchester Capital Management LLC

Manchester Capital Management LLC lowered its position in Zillow Group, Inc. (NASDAQ:Z) by 90.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,929 shares of the financial services provider’s stock after selling 410,714 shares during the quarter. Manchester Capital Management LLC’s holdings in Zillow Group were worth $1,192,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of Z. Fortitude Family Office LLC purchased a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new stake in shares of Zillow Group during the 3rd quarter worth $34,000. Leonteq Securities AG lifted its position in shares of Zillow Group by 627.0% during the 1st quarter. Leonteq Securities AG now owns 1,345 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,160 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Zillow Group by 283.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Zillow Group during the second quarter worth $78,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CTO David A. Beitel sold 1,798 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $34.24, for a total transaction of $61,563.52. Following the transaction, the chief technology officer directly owned 133,013 shares in the company, valued at approximately $4,554,365.12. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Zillow Group stock in a transaction on Friday, August 14th. The shares were sold at an average price of $35.37, for a total transaction of $112,087.53. Following the completion of the transaction, the insider directly 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 owned by corporate insiders.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $32.98 on Friday. The company’s fifty day moving average price is $31.61 and its 200 day moving average price is $34.69. Zillow Group, Inc. has a 12 month low of $26.67 and a 12 month high of $79.40. The firm has a market capitalization of $7.42 billion, a P/E ratio of 149.92, a P/E/G ratio of 1.50 and a beta of 2.04.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data 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. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. The company had revenue of $772.00 million for the quarter, compared to analyst estimates of $758.10 million. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on Z shares. Zacks Research lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Evercore downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Morgan Stanley lowered their price objective on Zillow Group from $60.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Zillow Group in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. cut their target price on Zillow Group from $76.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $57.71.

Zillow Group Profile

Zillow Group, Inc (NASDAQ: Z) operates a digital real estate marketplace in the United States. Its platforms help consumers search for homes, research neighborhoods and market conditions, connect with real estate professionals, and manage various steps in the home-buying, selling, renting and financing processes.

The company’s portfolio includes Zillow, Trulia, StreetEasy and HotPads, which provide property listings and real estate information. Zillow Group also offers services for real estate professionals, including marketing, lead generation, transaction management and showing coordination through products such as Zillow Premier Agent and ShowingTime+.

Through Zillow Home Loans and other affiliated services, the company provides or facilitates mortgage and closing-related solutions.