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

Y Intercept Hong Kong Ltd grew its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 32.5% in the first quarter, Holdings Channel reports. The institutional investor owned 95,252 shares of the financial services provider’s stock after buying an additional 23,364 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Zillow Group were worth $3,942,000 as of its most recent filing with the SEC.

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

Zillow Group Stock Performance

NASDAQ:Z opened at $33.43 on Monday. The firm has a 50-day moving average price of $36.41 and a two-hundred day moving average price of $47.57. Zillow Group, Inc. has a twelve month low of $29.23 and a twelve month high of $93.88. The company has a market capitalization of $7.65 billion, a P/E ratio of 133.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last announced its quarterly 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 company had revenue of $708.00 million for the quarter, compared to the consensus estimate 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.

Wall Street Analysts Forecast Growth

Z has been the subject of several research analyst reports. UBS Group cut 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. Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Weiss Ratings cut shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $76.00.

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 3,078 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $115,117.20. Following the completion of the transaction, the insider owned 49,696 shares of the company’s stock, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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, CFO Jeremy Hofmann sold 5,501 shares of the company’s stock in a transaction on Monday, May 18th. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 42,910 shares of company stock worth $1,605,732 in the last quarter. 23.76% of the stock is currently owned by corporate insiders.

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.