Zillow Group, Inc. $Z Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 32.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 95,252 shares of the financial services provider’s stock after purchasing an additional 23,364 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Zillow Group were worth $3,942,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in Z. Jain Global LLC acquired a new stake in Zillow Group in the 3rd quarter valued at about $6,220,000. Assenagon Asset Management S.A. grew its position in shares of Zillow Group by 228.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 470,288 shares of the financial services provider’s stock worth $32,083,000 after buying an additional 327,076 shares in the last quarter. Hidden Lake Asset Management LP acquired a new position in shares of Zillow Group during the third quarter worth about $4,127,000. Baillie Gifford & Co. increased its stake in shares of Zillow Group by 11.4% during the fourth quarter. Baillie Gifford & Co. now owns 739,270 shares of the financial services provider’s stock worth $50,433,000 after buying an additional 75,682 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Zillow Group by 472.1% during the fourth quarter. SG Americas Securities LLC now owns 245,205 shares of the financial services provider’s stock worth $16,728,000 after buying an additional 202,343 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. dropped their price objective on shares of Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Zillow Group from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Royal Bank Of Canada lowered their target price on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, June 10th. Finally, Weiss Ratings lowered Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.00.

Insider Buying and Selling

In related 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 directly owned 68,315 shares of the company’s stock, valued at $2,554,981. This represents a 7.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Errol G. Samuelson sold 2,939 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $37.97, for a total value of $111,593.83. Following the completion of the sale, the insider directly owned 134,039 shares of the company’s stock, valued at approximately $5,089,460.83. This trade represents a 2.15% 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 42,910 shares of company stock valued at $1,605,732 over the last ninety days. Company insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Z stock opened at $33.43 on Monday. The stock has a market cap of $7.65 billion, a P/E ratio of 133.72, a PEG ratio of 1.43 and a beta of 1.98. Zillow Group, Inc. has a twelve month low of $29.23 and a twelve month high of $93.88. The company’s 50 day moving average is $36.41 and its two-hundred day moving average is $47.57.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The business had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.10 million. On average, equities research analysts predict that Zillow Group, Inc. will post 0.9 earnings per share for the current year.

About Zillow Group

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.