Ninety One North America Inc. decreased its position in Zillow Group, Inc. (NASDAQ:Z – Free Report) by 74.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,246 shares of the financial services provider’s stock after selling 41,917 shares during the period. Ninety One North America Inc.’s holdings in Zillow Group were worth $386,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Independent Franchise Partners LLP boosted its stake in shares of Zillow Group by 0.9% during the 4th quarter. Independent Franchise Partners LLP now owns 10,953,405 shares of the financial services provider’s stock worth $747,241,000 after acquiring an additional 94,569 shares in the last quarter. Tiger Global Management LLC increased its stake in shares of Zillow Group by 21.7% in the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after purchasing an additional 1,312,000 shares in the last quarter. Contour Asset Management LLC increased its stake in shares of Zillow Group by 29.8% in the 4th quarter. Contour Asset Management LLC now owns 3,260,474 shares of the financial services provider’s stock valued at $222,430,000 after purchasing an additional 747,808 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Zillow Group by 21.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,896,206 shares of the financial services provider’s stock valued at $78,461,000 after purchasing an additional 338,803 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Zillow Group by 455.6% in the 1st quarter. Quantinno Capital Management LP now owns 641,618 shares of the financial services provider’s stock worth $26,550,000 after purchasing an additional 526,142 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.
Insiders Place Their Bets
In related news, CTO David A. Beitel sold 1,798 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $34.24, for a total transaction of $61,563.52. Following the completion of the sale, the chief technology officer directly owned 133,013 shares in the company, valued at approximately $4,554,365.12. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Errol G. Samuelson sold 3,154 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $34.24, for a total value of $107,992.96. Following the completion of the transaction, the insider directly owned 130,885 shares of the company’s stock, valued at approximately $4,481,502.40. This represents a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 38,539 shares of company stock valued at $1,323,800. 25.03% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
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Zillow Group Price Performance
Zillow Group stock traded up $2.57 during midday trading on Thursday, reaching $30.90. The company had a trading volume of 2,722,700 shares, compared to its average volume of 4,163,076. The company has a market capitalization of $6.95 billion, a P/E ratio of 140.21, a P/E/G ratio of 1.22 and a beta of 2.04. Zillow Group, Inc. has a 12-month low of $26.67 and a 12-month high of $79.40. The firm’s fifty day simple moving average is $31.92 and its 200-day simple moving average is $35.08.
Zillow Group (NASDAQ:Z – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%. The company had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.10 million. On average, analysts expect that Zillow Group, Inc. will post 0.89 EPS for the current fiscal year.
Zillow Group Profile
Zillow Group, Inc is a technology company that operates digital real estate marketplaces and related services in the United States. Its platforms help consumers search for homes to buy or rent, research neighborhoods and property values, connect with real estate professionals, and manage aspects of the transaction process.
The company’s portfolio includes Zillow, Trulia, StreetEasy and HotPads, along with services such as Zillow Premier Agent, Zillow Rentals, ShowingTime+ and Zillow Home Loans.
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