Ninety One UK Ltd Buys 431,070 Shares of Zillow Group, Inc. (NASDAQ:Z)

Ninety One UK Ltd raised its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 29.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,899,383 shares of the financial services provider's stock after acquiring an additional 431,070 shares during the quarter. Ninety One UK Ltd owned about 0.81% of Zillow Group worth $109,898,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in Z. Belpointe Asset Management LLC increased its holdings in shares of Zillow Group by 27.4% during the 1st quarter. Belpointe Asset Management LLC now owns 1,144 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 246 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Zillow Group by 3.2% during the third quarter. Daiwa Securities Group Inc. now owns 9,236 shares of the financial services provider's stock valued at $426,000 after purchasing an additional 290 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Zillow Group by 24.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,496 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 298 shares during the period. Prudential Financial Inc. lifted its stake in shares of Zillow Group by 3.0% in the second quarter. Prudential Financial Inc. now owns 11,818 shares of the financial services provider's stock worth $387,000 after buying an additional 349 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of Zillow Group by 2.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 13,624 shares of the financial services provider's stock worth $671,000 after buying an additional 353 shares during the period. 71.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 7,352 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the transaction, the chief accounting officer now directly owns 56,384 shares of the company's stock, valued at $3,230,239.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Jennifer Rock sold 7,352 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total transaction of $421,196.08. Following the completion of the transaction, the chief accounting officer now directly owns 56,384 shares in the company, valued at approximately $3,230,239.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Bradley D. Owens sold 966 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total transaction of $56,037.66. Following the completion of the sale, the general counsel now owns 17,181 shares in the company, valued at $996,669.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,289 shares of company stock worth $9,642,508. Insiders own 15.30% of the company's stock.

Zillow Group Price Performance

Shares of NASDAQ:Z traded down $0.73 during trading on Thursday, reaching $41.81. The stock had a trading volume of 3,303,636 shares, compared to its average volume of 3,896,211. The stock has a market capitalization of $9.76 billion, a PE ratio of -62.22 and a beta of 1.75. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $61.13. The business's 50-day moving average price is $51.60 and its 200 day moving average price is $49.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.06. The business had revenue of $474.00 million during the quarter, compared to analysts' expectations of $450.75 million. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. As a group, equities analysts predict that Zillow Group, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Z has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Zillow Group from $46.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, January 26th. Jefferies Financial Group increased their price objective on Zillow Group from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $58.75.

Zillow Group Company 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.