Coronation Fund Managers Ltd. Has $14.05 Million Holdings in Zillow Group, Inc. (NASDAQ:Z)

Coronation Fund Managers Ltd. lowered its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 19.5% during the third quarter, HoldingsChannel.com reports. The fund owned 220,094 shares of the financial services provider’s stock after selling 53,314 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in Zillow Group were worth $14,053,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Zillow Group by 30.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 669,892 shares of the financial services provider’s stock valued at $32,677,000 after acquiring an additional 156,249 shares in the last quarter. Prudential PLC bought a new stake in Zillow Group in the second quarter valued at $474,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Zillow Group by 32.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 85,233 shares of the financial services provider’s stock valued at $4,158,000 after purchasing an additional 20,729 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Zillow Group by 14.6% during the first quarter. Empowered Funds LLC now owns 4,752 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 606 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Zillow Group by 10.3% during the 1st quarter. Nordea Investment Management AB now owns 10,721 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 1,003 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares in the company, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Thielke Claire Cormier sold 2,826 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the transaction, the director now owns 2,826 shares in the company, valued at approximately $172,696.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. 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 worth $11,780,363. 23.76% of the stock is owned by company insiders.

Zillow Group Stock Performance

Shares of Z stock opened at $59.80 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a 50-day moving average of $60.65 and a 200-day moving average of $51.21. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $68.73. The company has a market cap of $13.84 billion, a P/E ratio of -98.03 and a beta of 1.95.

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

Analysts Set New Price Targets

A number of analysts recently commented on Z shares. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $50.00 to $80.00 in a research report on Monday, September 16th. Jefferies Financial Group boosted their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Bank of America increased their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Morgan Stanley boosted their price target on shares of Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.33.

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.