IVY Lane Capital Management LLC Buys 2,000 Shares of Zillow Group, Inc. (NASDAQ:Z)

IVY Lane Capital Management LLC lifted its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 235,000 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the period. Zillow Group accounts for about 8.7% of IVY Lane Capital Management LLC’s portfolio, making the stock its 5th largest holding. IVY Lane Capital Management LLC owned approximately 0.10% of Zillow Group worth $13,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in shares of Zillow Group during the 4th quarter valued at approximately $9,983,000. FMR LLC raised its position in shares of Zillow Group by 203.1% during the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after buying an additional 2,312,241 shares during the period. Hsbc Holdings PLC raised its position in Zillow Group by 35.4% in the third quarter. Hsbc Holdings PLC now owns 261,547 shares of the financial services provider’s stock valued at $12,103,000 after purchasing an additional 68,357 shares during the period. Ninety One UK Ltd raised its position in Zillow Group by 29.4% in the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after purchasing an additional 431,070 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Zillow Group in the third quarter valued at approximately $2,864,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Performance

NASDAQ Z traded up $0.72 during trading hours on Friday, hitting $43.67. The company had a trading volume of 3,002,331 shares, compared to its average volume of 3,013,363. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. Zillow Group, Inc. has a 1-year low of $33.80 and a 1-year high of $61.13. The company has a market cap of $10.20 billion, a PE ratio of -64.22 and a beta of 1.75. The business has a 50 day moving average of $49.76 and a 200-day moving average of $48.93.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The business had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. As a group, equities research analysts expect that Zillow Group, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Dan Spaulding sold 3,086 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the transaction, the insider now directly owns 48,294 shares of the company’s stock, valued at $2,801,052. The disclosure for this sale can be found here. Insiders sold 171,289 shares of company stock valued at $9,642,508 over the last ninety days. Corporate insiders own 23.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on Z shares. JPMorgan Chase & Co. boosted their target price on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Jefferies Financial Group upped their price objective on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.75.

Zillow Group Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.