Coronation Fund Managers Ltd. Increases Stock Position in Zillow Group, Inc. $Z

Coronation Fund Managers Ltd. raised its position in Zillow Group, Inc. (NASDAQ:Z) by 130.6% during the first quarter, Holdings Channel.com reports. The fund owned 349,503 shares of the financial services provider’s stock after purchasing an additional 197,948 shares during the quarter. Zillow Group accounts for approximately 0.7% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 29th largest position. Coronation Fund Managers Ltd.’s holdings in Zillow Group were worth $14,462,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew 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 worth $78,461,000 after purchasing an additional 338,803 shares during the last quarter. KBC Group NV lifted its holdings in Zillow Group by 2.9% in the 1st quarter. KBC Group NV now owns 33,219 shares of the financial services provider’s stock worth $1,375,000 after buying an additional 951 shares during the period. SEB Asset Management AB bought a new stake in shares of Zillow Group in the 1st quarter worth approximately $1,350,000. Swiss National Bank grew its position in shares of Zillow Group by 7.2% in the 1st quarter. Swiss National Bank now owns 491,834 shares of the financial services provider’s stock worth $20,352,000 after buying an additional 33,200 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Zillow Group during the first quarter valued at approximately $203,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zillow Group

In other news, Director Erik C. Blachford sold 791 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $34.80, for a total value of $27,526.80. Following the sale, the director directly owned 34,952 shares of the company’s stock, valued at $1,216,329.60. The trade was a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Bradley D. Owens sold 3,364 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $37.23, for a total value of $125,241.72. Following the completion of the sale, the general counsel owned 65,245 shares in the company, valued at $2,429,071.35. The trade was a 4.90% decrease in their position. 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 a total of 42,910 shares of company stock valued at $1,605,732 over the last three months. 25.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on Z. Zacks Research upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Weiss Ratings downgraded shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft dropped their target price 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. JPMorgan Chase & Co. reduced their price target 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. Finally, Jefferies Financial Group decreased their price target on shares of Zillow Group from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $72.38.

Key Headlines Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Negative Sentiment: Multiple law firms announced or reminded investors about securities class actions against Zillow Group, Inc. (Z), citing alleged violations of federal securities laws and an anticompetitive agreement that may have harmed shareholders. Article Title
• Negative Sentiment: The lawsuits focus on losses for investors who bought Zillow Class A or Class C shares during the February 11, 2025 to May 7, 2026 class period, and several firms highlighted an August 10 lead-plaintiff deadline, keeping legal overhang in the spotlight. Article Title
• Neutral Sentiment: One article noted Zillow’s June 2026 listing data on empty lots, which may be relevant to the housing market backdrop but does not appear to be the main driver of the stock’s move today. Article Title

Zillow Group Trading Down 1.5%

Z opened at $31.36 on Thursday. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 125.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.98. The stock has a fifty day simple moving average of $33.73 and a two-hundred day simple moving average of $44.25. Zillow Group, Inc. has a 12-month low of $29.23 and a 12-month high of $93.88.

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

Zillow Group 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.