International Assets Investment Management LLC Takes $9.98 Million Position in Zillow Group, Inc. (NASDAQ:Z)

International Assets Investment Management LLC purchased a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 172,539 shares of the financial services provider's stock, valued at approximately $9,983,000. International Assets Investment Management LLC owned about 0.07% of Zillow Group at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of Z. FMR LLC raised its position in Zillow Group by 203.1% in the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider's stock worth $159,285,000 after buying an additional 2,312,241 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Zillow Group by 688.9% during the 3rd quarter. Nordea Investment Management AB now owns 426,611 shares of the financial services provider's stock valued at $19,910,000 after purchasing an additional 372,532 shares during the period. ING Groep NV bought a new stake in shares of Zillow Group during the 3rd quarter valued at about $16,359,000. Greencape Capital Pty Ltd grew its stake in shares of Zillow Group by 70.0% during the 4th quarter. Greencape Capital Pty Ltd now owns 846,190 shares of the financial services provider's stock valued at $48,961,000 after acquiring an additional 348,354 shares during the period. Finally, Eminence Capital LP grew its stake in shares of Zillow Group by 11.9% during the 3rd quarter. Eminence Capital LP now owns 3,085,268 shares of the financial services provider's stock valued at $142,416,000 after acquiring an additional 329,191 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 7,352 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total transaction of $421,196.08. Following the transaction, the chief accounting officer now owns 56,384 shares in the company, valued at $3,230,239.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Zillow Group news, CAO Jennifer Rock sold 7,352 shares of Zillow Group stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total value of $421,196.08. Following the sale, the chief accounting officer now owns 56,384 shares in the company, valued at $3,230,239.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of Zillow Group stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total value of $56,037.66. Following the completion of the sale, the general counsel now owns 17,181 shares in the company, valued at approximately $996,669.81. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is owned by corporate insiders.

Zillow Group Stock Performance

Zillow Group stock traded up $1.01 during midday trading on Monday, hitting $41.70. 4,479,993 shares of the company were exchanged, compared to its average volume of 3,952,749. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $61.13. The business has a fifty day simple moving average of $48.55 and a two-hundred day simple moving average of $48.94. The firm has a market capitalization of $9.74 billion, a PE ratio of -59.36 and a beta of 1.79.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.42). The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same period in the previous year, the business posted ($0.06) earnings per share. On average, sell-side analysts forecast that Zillow Group, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on Z shares. JPMorgan Chase & Co. cut their price objective on Zillow Group from $65.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday. Jefferies Financial Group raised their target price on shares of Zillow Group from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Wedbush dropped their price objective on shares of Zillow Group from $60.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Thursday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $56.20.

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.