Zillow Group, Inc. $Z Stock Holdings Lifted by Baillie Gifford & Co.

Baillie Gifford & Co. raised its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 739,270 shares of the financial services provider's stock after purchasing an additional 75,682 shares during the quarter. Baillie Gifford & Co. owned approximately 0.31% of Zillow Group worth $50,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of Z. Root Financial Partners LLC purchased a new position in Zillow Group in the third quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new position in Zillow Group in the fourth quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Zillow Group in the third quarter valued at about $29,000. Cullen Frost Bankers Inc. grew its stake in Zillow Group by 58.6% in the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 163 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its stake in Zillow Group by 32.8% in the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Zillow Group Stock Performance

NASDAQ Z opened at $40.49 on Tuesday. Zillow Group, Inc. has a twelve month low of $39.05 and a twelve month high of $93.88. The stock has a market capitalization of $9.71 billion, a PE ratio of 449.94, a P/E/G ratio of 1.96 and a beta of 2.14. The stock has a 50-day simple moving average of $44.93 and a 200 day simple moving average of $62.01.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The business had revenue of $654.00 million for the quarter, compared to analyst estimates of $650.40 million. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on Z shares. Keefe, Bruyette & Woods lowered their target price on Zillow Group from $80.00 to $65.00 and set a "market perform" rating on the stock in a research note on Monday, February 9th. Barclays upgraded Zillow Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 29th. Zelman & Associates upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Zillow Group in a research note on Wednesday, January 21st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $90.60.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total value of $604,499.25. Following the completion of the transaction, the chief executive officer owned 116,322 shares of the company's stock, valued at $5,147,248.50. This represents a 10.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeremy Hofmann sold 7,786 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total value of $340,481.78. Following the completion of the transaction, the chief financial officer directly owned 57,487 shares of the company's stock, valued at approximately $2,513,906.51. This trade represents a 11.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 60,801 shares of company stock worth $2,683,986 in the last ninety days. 25.03% of the stock is owned by insiders.

Zillow Group 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.

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