Fox Run Management L.L.C. Invests $1.71 Million in Zillow Group, Inc. $Z

Fox Run Management L.L.C. acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,049 shares of the financial services provider’s stock, valued at approximately $1,709,000.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth $43,000. Clearstead Advisors LLC grew its stake in shares of Zillow Group by 4,119.0% during the third quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 865 shares during the period. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Zillow Group during the fourth quarter worth $71,000. Finally, GAMMA Investing LLC grew its stake in shares of Zillow Group by 21.4% during the fourth quarter. GAMMA Investing LLC now owns 1,186 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 209 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Trading Down 0.8%

NASDAQ:Z opened at $34.79 on Tuesday. Zillow Group, Inc. has a 1 year low of $34.16 and a 1 year high of $93.88. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 139.16, a PEG ratio of 1.50 and a beta of 1.97. The stock has a 50-day moving average price of $40.28 and a two-hundred day moving average price of $53.05.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.10 million. Sell-side analysts forecast 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 a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. UBS Group decreased their price objective on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Zacks Research cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Zillow Group from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average price target of $77.00.

Insider Transactions at Zillow Group

In other 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 transaction of $205,737.40. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, CEO Jeremy Wacksman sold 9,072 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.54, for a total value of $331,490.88. Following the transaction, the chief executive officer directly owned 153,699 shares of the company’s stock, valued at $5,616,161.46. This represents a 5.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 42,119 shares of company stock valued at $1,578,206. Insiders own 23.76% of the company’s stock.

Zillow Group Company 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.