UBS Group AG Boosts Stock Holdings in Zillow Group, Inc. $ZG

Key Points

• UBS Group AG boosted its stake in Zillow by 44.5% in Q4 to 1,018,448 shares (about $69.5M), representing roughly 0.42% of the company.
• Insiders have been selling recently: CEO Jeremy Wacksman and CFO Jeremy Hofmann sold shares in February, with insiders offloading 60,801 shares (~$2.68M) over the past 90 days, reducing their ownership.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $76.45, while Zillow trades near $44 and carries a very high P/E (~491.94) after a recent quarterly EPS miss.

UBS Group AG boosted its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,018,448 shares of the technology company's stock after purchasing an additional 313,643 shares during the period. UBS Group AG owned about 0.42% of Zillow Group worth $69,489,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. M&T Bank Corp lifted its stake in Zillow Group by 38,344.0% in the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company's stock valued at $120,092,000 after purchasing an additional 1,600,097 shares during the last quarter. Wellington Management Group LLP lifted its stake in Zillow Group by 60.1% in the third 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 last quarter. Virtu Financial LLC lifted its position in shares of Zillow Group by 271.9% during the third quarter. Virtu Financial LLC now owns 293,718 shares of the technology company's stock worth $21,864,000 after acquiring an additional 214,743 shares in the last quarter. Millennium Management LLC lifted its position in shares of Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company's stock worth $19,456,000 after acquiring an additional 152,955 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Zillow Group by 40.7% during the third quarter. Bank of America Corp DE now owns 243,677 shares of the technology company's stock worth $18,139,000 after acquiring an additional 70,455 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company's stock.

Insider Buying and Selling

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total value of $604,499.25. Following the completion of the sale, the chief executive officer directly owned 116,322 shares in the company, valued at $5,147,248.50. This trade represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 completion of 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 disclosure for this sale is available in the SEC filing. Insiders sold 60,801 shares of company stock valued at $2,683,986 over the last ninety days. Corporate insiders own 29.88% of the company's stock.

Zillow Group Trading Down 2.7%

Shares of NASDAQ:ZG opened at $44.27 on Tuesday. The stock's 50-day moving average price is $43.68 and its 200-day moving average price is $58.41. Zillow Group, Inc. has a 12-month low of $39.14 and a 12-month high of $90.22. The stock has a market capitalization of $10.62 billion, a P/E ratio of 491.94, a price-to-earnings-growth ratio of 2.23 and a beta of 2.04.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. As a group, research analysts predict that Zillow Group, Inc. will post 0.82 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays dropped their target price on Zillow Group from $66.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Monday, April 27th. Cantor Fitzgerald lowered their price objective on Zillow Group from $56.00 to $46.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 25th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Zillow Group in a research report on Tuesday, March 17th. Zacks Research upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 10th. Finally, BNP Paribas Exane assumed coverage on Zillow Group in a research report on Wednesday, January 14th. They issued an "outperform" rating and a $85.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.45.

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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