Baillie Gifford & Co. Has $3.13 Million Stock Holdings in Zillow Group, Inc. $ZG

Key Points

• Baillie Gifford & Co. cut its stake in Zillow by 48.9% in Q4, selling 43,889 shares and ending the period with 45,840 shares valued at about $3.13 million.
• Zillow's latest quarter showed $0.39 EPS (missed by $0.03) while revenue came in at $654 million, up 18.1% year-over-year; the stock has a market cap of $9.84 billion, a P/E of 455.61, and an average analyst price target of $77.05 (consensus: Moderate Buy).
• Several large institutions (Virtu, Wellington, Millennium, Qube, UBS) materially increased holdings, but insiders have been net sellers—60,801 shares sold in the last 90 days—with insiders owning 17.14% and institutions owning 20.32% of the stock.

Baillie Gifford & Co. lowered its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 48.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,840 shares of the technology company's stock after selling 43,889 shares during the quarter. Baillie Gifford & Co.'s holdings in Zillow Group were worth $3,128,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ZG. Virtu Financial LLC lifted its stake in shares of Zillow Group by 271.9% in the 3rd quarter. Virtu Financial LLC now owns 293,718 shares of the technology company's stock valued at $21,864,000 after purchasing an additional 214,743 shares during the period. Wellington Management Group LLP lifted its stake in shares of Zillow Group by 60.1% in the 3rd quarter. Wellington Management Group LLP now owns 557,735 shares of the technology company's stock valued at $41,518,000 after purchasing an additional 209,312 shares during the period. Millennium Management LLC lifted its stake in shares of Zillow Group by 110.8% in the 1st quarter. Millennium Management LLC now owns 290,999 shares of the technology company's stock valued at $19,456,000 after purchasing an additional 152,955 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of Zillow Group by 179.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 175,200 shares of the technology company's stock valued at $13,042,000 after purchasing an additional 112,417 shares during the period. Finally, UBS Group AG lifted its stake in shares of Zillow Group by 18.2% in the 3rd quarter. UBS Group AG now owns 704,805 shares of the technology company's stock valued at $52,466,000 after purchasing an additional 108,600 shares during the period. Institutional investors and hedge funds own 20.32% of the company's stock.

Zillow Group Trading Up 0.9%

ZG opened at $41.00 on Wednesday. The stock has a market capitalization of $9.84 billion, a P/E ratio of 455.61, a P/E/G ratio of 2.00 and a beta of 2.10. Zillow Group, Inc. has a 12 month low of $39.14 and a 12 month high of $90.22. The firm's fifty day simple moving average is $44.47 and its 200 day simple moving average is $60.59.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company 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%. The company's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 7,786 shares of the business's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total transaction of $340,481.78. Following the sale, the chief financial officer directly owned 57,487 shares of the company's stock, valued at $2,513,906.51. The trade was a 11.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO David A. Beitel sold 3,966 shares of the business's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $175,376.52. Following the sale, the chief technology officer directly owned 136,690 shares in the company, valued at $6,044,431.80. This trade represents a 2.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 60,801 shares of company stock worth $2,683,986 in the last ninety days. 17.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group set a $80.00 price target on Zillow Group in a research note on Wednesday, February 11th. Zacks Research raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Friday, April 10th. Citizens Jmp decreased their price target on shares of Zillow Group from $90.00 to $85.00 and set a "market outperform" rating for the company in a report on Monday, January 12th. Cantor Fitzgerald decreased their price target on shares of Zillow Group from $56.00 to $46.00 and set a "neutral" rating for the company in a report on Wednesday, March 25th. Finally, Barclays decreased their price target on shares of Zillow Group from $72.00 to $66.00 and set an "equal weight" rating for the company in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $77.05.

Zillow Group Company Profile

Zillow Group NASDAQ: ZG is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow's core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.

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