Landscape Capital Management L.L.C. Invests $1.59 Million in Zillow Group, Inc. $Z

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in Zillow Group, Inc., purchasing 23,253 shares valued at approximately $1,594,000.
• Recent analyst reports show a mixed outlook for Zillow, with target prices ranging from $76.00 to $100.00 and a consensus rating of "Hold."
• Insider trading activity has seen notable sales, including Director Thielke Claire Cormier selling 8,247 shares, indicating a 91.92% decrease in their position.

Landscape Capital Management L.L.C. purchased a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 23,253 shares of the financial services provider's stock, valued at approximately $1,594,000.

Several other large investors have also recently added to or reduced their stakes in Z. TB Alternative Assets Ltd. increased its stake in Zillow Group by 49.0% during the first quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider's stock valued at $39,142,000 after purchasing an additional 187,671 shares during the last quarter. American Assets Investment Management LLC acquired a new position in shares of Zillow Group in the 1st quarter valued at about $468,000. Alberta Investment Management Corp bought a new stake in shares of Zillow Group during the 1st quarter valued at about $3,661,000. Cerity Partners LLC raised its stake in Zillow Group by 67.0% during the first quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider's stock worth $1,404,000 after acquiring an additional 8,215 shares during the period. Finally, G&S Capital LLC raised its stake in Zillow Group by 132.2% during the first quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider's stock worth $2,326,000 after acquiring an additional 19,319 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Insider Activity at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,680 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $85.22, for a total transaction of $484,049.60. Following the completion of the sale, the insider directly owned 59,616 shares in the company, valued at $5,080,475.52. This represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard N. Barton sold 150,000 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $85.68, for a total transaction of $12,852,000.00. Following the sale, the chairman owned 2,501,225 shares of the company's stock, valued at $214,304,958. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 580,379 shares of company stock valued at $49,319,729. 23.76% of the stock is owned by corporate insiders.

Zillow Group Stock Down 3.0%

Z stock traded down $2.50 during mid-day trading on Tuesday, reaching $81.81. 2,581,642 shares of the stock traded hands, compared to its average volume of 2,668,078. Zillow Group, Inc. has a 52 week low of $52.86 and a 52 week high of $89.39. The business has a 50-day moving average of $79.22 and a two-hundred day moving average of $72.72. The firm has a market capitalization of $19.82 billion, a PE ratio of -314.65, a P/E/G ratio of 15.88 and a beta of 2.04.

Analysts Set New Price Targets

A number of equities analysts have commented on Z shares. Bank of America lifted their target price on Zillow Group from $81.00 to $88.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research note on Monday, May 5th. Keefe, Bruyette & Woods decreased their target price on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on Zillow Group from $79.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $88.29.

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.