Zillow Group, Inc. (NASDAQ:Z) is Greencape Capital Pty Ltd’s 2nd Largest Position

Greencape Capital Pty Ltd reduced its stake in Zillow Group, Inc. (NASDAQ:Z) by 34.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,717,258 shares of the financial services provider’s stock after selling 916,503 shares during the quarter. Zillow Group makes up approximately 37.9% of Greencape Capital Pty Ltd’s investment portfolio, making the stock its 2nd biggest position. Greencape Capital Pty Ltd’s holdings in Zillow Group were worth $127,163,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the period. Ninety One UK Ltd boosted its holdings in Zillow Group by 3.2% in the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider’s stock worth $267,895,000 after buying an additional 111,231 shares during the period. Groupama Asset Managment bought a new position in Zillow Group in the 3rd quarter worth $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Zillow Group in the 3rd quarter worth $38,310,000. Finally, Bridgewater Associates LP raised its holdings in Zillow Group by 428.2% during the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after acquiring an additional 424,615 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Price Performance

NASDAQ:Z opened at $78.33 on Thursday. The firm has a market capitalization of $19.00 billion, a price-to-earnings ratio of -166.66, a PEG ratio of 9.24 and a beta of 2.03. The business has a 50 day simple moving average of $78.24 and a 200-day simple moving average of $70.35. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on Z. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Wedbush reissued an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $82.00.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the transaction, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,663 shares of company stock worth $4,004,931. 23.76% of the stock is currently owned by insiders.

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.