Zillow Group, Inc. (NASDAQ:Z) Stock Holdings Lowered by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC trimmed its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 22.5% in the third quarter, HoldingsChannel reports. The firm owned 138,030 shares of the financial services provider’s stock after selling 40,177 shares during the period. Gateway Investment Advisers LLC’s holdings in Zillow Group were worth $8,813,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dorsal Capital Management LP lifted its stake in shares of Zillow Group by 59.8% in the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after acquiring an additional 1,160,000 shares during the period. Natixis bought a new stake in Zillow Group during the first quarter worth approximately $41,129,000. Greencape Capital Pty Ltd lifted its position in Zillow Group by 93.0% in the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after purchasing an additional 786,600 shares during the period. Coronation Fund Managers Ltd. boosted its stake in Zillow Group by 238.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after purchasing an additional 609,575 shares in the last quarter. Finally, Capital World Investors increased its position in shares of Zillow Group by 2.8% during the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after purchasing an additional 238,554 shares during the period. Institutional investors own 71.01% of the company’s stock.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 4,050 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 4,050 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the sale, the chief accounting officer now owns 79,694 shares of the company’s stock, valued at $3,923,335.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,999 shares of company stock valued at $11,780,363. Corporate insiders own 23.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Morgan Stanley raised their target price on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $67.20.

Zillow Group Trading Up 3.5 %

Zillow Group stock opened at $62.75 on Friday. The company has a 50 day moving average price of $57.68 and a 200 day moving average price of $49.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $68.73. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of -90.94 and a beta of 1.95.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. The business had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. Research analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Zillow Group Company 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.