Zillow Group, Inc. $Z Shares Sold by Independent Franchise Partners LLP

Independent Franchise Partners LLP reduced its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,858,836 shares of the financial services provider’s stock after selling 181,085 shares during the quarter. Zillow Group comprises 5.5% of Independent Franchise Partners LLP’s holdings, making the stock its 7th biggest position. Independent Franchise Partners LLP owned 4.49% of Zillow Group worth $836,673,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in Z. Rakuten Investment Management Inc. acquired a new position in Zillow Group in the third quarter valued at approximately $2,919,000. Y Intercept Hong Kong Ltd grew its holdings in Zillow Group by 63.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 85,210 shares of the financial services provider’s stock worth $6,565,000 after acquiring an additional 32,975 shares during the period. Vanguard Group Inc. raised its position in shares of Zillow Group by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after acquiring an additional 71,336 shares during the last quarter. Coronation Fund Managers Ltd. bought a new stake in shares of Zillow Group during the 3rd quarter valued at $18,141,000. Finally, WT Wealth Management acquired a new position in shares of Zillow Group in the 3rd quarter valued at $1,458,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on Z shares. Keefe, Bruyette & Woods reduced their price target on Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, February 9th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Finally, Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.60.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 7,786 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $43.73, for a total transaction of $340,481.78. Following the sale, the chief financial officer owned 57,487 shares of the company’s stock, valued at $2,513,906.51. This trade represents a 11.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dan Spaulding sold 5,361 shares of Zillow Group stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $43.95, for a total value of $235,615.95. Following the transaction, the insider owned 41,080 shares in the company, valued at $1,805,466. This trade represents a 11.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 60,801 shares of company stock valued at $2,683,986. 25.03% of the stock is owned by company insiders.

Zillow Group Stock Up 4.0%

Shares of Z stock opened at $42.90 on Friday. Zillow Group, Inc. has a 12-month low of $41.13 and a 12-month high of $93.88. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 476.72, a price-to-earnings-growth ratio of 2.31 and a beta of 2.10. The firm has a fifty day moving average of $55.37 and a 200-day moving average of $68.60.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. Research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.