AGF Management Ltd. Makes New $20.39 Million Investment in Zillow Group, Inc. $Z

AGF Management Ltd. purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 264,633 shares of the financial services provider’s stock, valued at approximately $20,390,000.

Several other institutional investors also recently bought and sold shares of Z. Root Financial Partners LLC acquired a new stake in Zillow Group in the 3rd quarter valued at $27,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Zillow Group during the 3rd quarter valued at about $29,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Zillow Group by 58.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 163 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Zillow Group by 58.2% in the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 185 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its position in Zillow Group by 32.8% during the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock worth $42,000 after buying an additional 135 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Down 0.8%

NASDAQ:Z opened at $62.52 on Tuesday. The stock has a fifty day simple moving average of $69.66 and a 200-day simple moving average of $75.59. The company has a market capitalization of $15.13 billion, a PE ratio of -446.54, a price-to-earnings-growth ratio of 3.65 and a beta of 2.08. Zillow Group, Inc. has a 52-week low of $57.51 and a 52-week high of $93.88.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 7,641 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $71.13, for a total transaction of $543,504.33. Following the transaction, the insider owned 120,815 shares of the company’s stock, valued at $8,593,570.95. This represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jeremy Hofmann sold 7,865 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.53, for a total value of $546,853.45. Following the transaction, the chief financial officer owned 70,811 shares in the company, valued at $4,923,488.83. This trade represents a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,511 shares of company stock valued at $4,766,357 in the last ninety days. 23.76% of the stock is owned by insiders.

Analyst Ratings Changes

Z has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods decreased their target price on Zillow Group from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.83.

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.