Zillow Group, Inc. (NASDAQ:Z) is Pertento Partners LLP's 5th Largest Position

Pertento Partners LLP raised its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 652,678 shares of the financial services provider's stock after purchasing an additional 31,187 shares during the quarter. Zillow Group accounts for 6.3% of Pertento Partners LLP's investment portfolio, making the stock its 5th biggest holding. Pertento Partners LLP owned about 0.28% of Zillow Group worth $37,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of Z. GAMMA Investing LLC acquired a new stake in Zillow Group in the fourth quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Zillow Group in the third quarter valued at approximately $33,000. Montag A & Associates Inc. acquired a new position in Zillow Group during the third quarter worth $37,000. Principal Securities Inc. purchased a new position in Zillow Group in the fourth quarter worth $53,000. Finally, Clearstead Advisors LLC lifted its holdings in Zillow Group by 1,724.1% in the third quarter. Clearstead Advisors LLC now owns 1,058 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Insiders Place Their Bets

In related news, insider Susan Daimler sold 15,206 shares of Zillow Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $56.36, for a total transaction of $857,010.16. Following the transaction, the insider now directly owns 36,148 shares of the company's stock, valued at $2,037,301.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Susan Daimler sold 15,206 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $56.36, for a total transaction of $857,010.16. Following the completion of the sale, the insider now owns 36,148 shares in the company, valued at approximately $2,037,301.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,289 shares of company stock worth $9,642,508. 23.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Z has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price objective on Zillow Group from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, March 4th. JPMorgan Chase & Co. lowered their price target on Zillow Group from $65.00 to $61.00 and set an "overweight" rating for the company in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Thursday, May 2nd. Finally, Wedbush lowered their price objective on shares of Zillow Group from $60.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Zillow Group has an average rating of "Hold" and an average target price of $56.20.

Zillow Group Stock Performance

Shares of Zillow Group stock traded up $1.86 on Tuesday, reaching $44.70. 5,520,848 shares of the company were exchanged, compared to its average volume of 3,946,539. Zillow Group, Inc. has a 1-year low of $33.80 and a 1-year high of $61.13. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of -64.58 and a beta of 1.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. The company's 50-day moving average is $46.96 and its two-hundred day moving average is $49.09.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $529.00 million during the quarter, compared to the consensus estimate of $509.30 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. As a group, research analysts expect that Zillow Group, Inc. will post -0.18 earnings per share for the current fiscal year.

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.

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