Penserra Capital Management LLC Acquires 1,010 Shares of Zillow Group, Inc. $Z

Penserra Capital Management LLC grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 31.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,194 shares of the financial services provider’s stock after buying an additional 1,010 shares during the quarter. Penserra Capital Management LLC’s holdings in Zillow Group were worth $293,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of Z. Vanguard Group Inc. raised its holdings in Zillow Group by 7.8% during the first quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider’s stock worth $1,548,767,000 after acquiring an additional 1,628,577 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Zillow Group by 17.4% during the 2nd quarter. Ninety One UK Ltd now owns 4,731,948 shares of the financial services provider’s stock worth $331,473,000 after purchasing an additional 702,445 shares during the last quarter. Atreides Management LP acquired a new position in shares of Zillow Group during the 1st quarter worth approximately $32,159,000. AQR Capital Management LLC raised its stake in shares of Zillow Group by 320.0% during the 1st quarter. AQR Capital Management LLC now owns 550,217 shares of the financial services provider’s stock worth $37,222,000 after purchasing an additional 419,202 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Zillow Group in the 1st quarter valued at approximately $24,709,000. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 2.8%

Shares of Z opened at $72.03 on Thursday. The stock has a 50 day moving average of $77.89 and a 200 day moving average of $75.68. Zillow Group, Inc. has a 12 month low of $57.51 and a 12 month high of $93.88. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of -514.46, a PEG ratio of 29.13 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The company had revenue of $729.00 million during the quarter, compared to analysts’ expectations of $670.28 million. Zillow Group has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their target price on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Bank of America lifted their price target on Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Oppenheimer started coverage on Zillow Group in a research note on Monday, October 6th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $91.14.

Insider Buying and Selling

In related news, CFO Jeremy Hofmann sold 25,000 shares of Zillow Group stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $89.99, for a total value of $2,249,750.00. Following the completion of the transaction, the chief financial officer directly owned 84,146 shares in the company, valued at approximately $7,572,298.54. The trade was a 22.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 3,291 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $71.12, for a total value of $234,055.92. Following the sale, the chief accounting officer directly owned 41,190 shares in the company, valued at $2,929,432.80. This trade represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 262,052 shares of company stock valued at $22,742,790. Corporate insiders own 25.03% of the company’s stock.

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.