Forsta AP Fonden increased its stake in shares of Zillow Group, Inc. (NASDAQ:Z – Free Report) by 212.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 111,000 shares of the financial services provider’s stock after acquiring an additional 75,500 shares during the period. Forsta AP Fonden’s holdings in Zillow Group were worth $7,572,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Zillow Group by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after purchasing an additional 71,336 shares during the period. Capital World Investors increased its position in Zillow Group by 7.8% in the 3rd quarter. Capital World Investors now owns 10,635,008 shares of the financial services provider’s stock worth $819,427,000 after buying an additional 769,944 shares during the period. Geode Capital Management LLC boosted its position in shares of Zillow Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,363,657 shares of the financial services provider’s stock valued at $228,898,000 after acquiring an additional 55,323 shares during the period. Greencape Capital Pty Ltd boosted its position in shares of Zillow Group by 30.4% in the fourth quarter. Greencape Capital Pty Ltd now owns 2,722,911 shares of the financial services provider’s stock valued at $185,757,000 after acquiring an additional 634,510 shares during the period. Finally, Dorsal Capital Management LP boosted its position in shares of Zillow Group by 9.4% in the third quarter. Dorsal Capital Management LP now owns 2,681,250 shares of the financial services provider’s stock valued at $206,590,000 after acquiring an additional 231,250 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.
Zillow Group Price Performance
Zillow Group stock opened at $36.25 on Tuesday. The company has a market capitalization of $8.29 billion, a PE ratio of 145.00, a price-to-earnings-growth ratio of 1.50 and a beta of 2.07. Zillow Group, Inc. has a one year low of $34.64 and a one year high of $93.88. The business has a 50 day simple moving average of $41.12 and a 200 day simple moving average of $54.24.
Insider Buying and Selling at Zillow Group
In related news, insider Dan Spaulding sold 3,078 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $115,117.20. Following the completion of the transaction, the insider owned 49,696 shares in the company, valued at $1,858,630.40. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jeremy Hofmann sold 5,501 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $205,737.40. Following the transaction, the chief financial officer owned 68,315 shares of the company’s stock, valued at $2,554,981. This trade represents a 7.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 42,119 shares of company stock worth $1,578,206 over the last three months. 25.03% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods reduced their price objective on Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Zillow Group from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Weiss Ratings cut Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Finally, Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.00.
Check Out Our Latest Research Report on Z
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.
Read More
- Five stocks we like better than Zillow Group
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
- Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?
Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:Z – Free Report).
Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.
