Vanguard Personalized Indexing Management LLC cut its holdings in shares of Zillow Group, Inc. (NASDAQ:Z – Free Report) by 45.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,238 shares of the financial services provider’s stock after selling 12,637 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Zillow Group were worth $678,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of Z. Zions Bancorporation N.A. boosted its position in shares of Zillow Group by 371.7% during the first quarter. Zions Bancorporation N.A. now owns 500 shares of the financial services provider’s stock valued at $25,000 after buying an additional 394 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Zillow Group during the fourth quarter valued at $29,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Zillow Group during the fourth quarter valued at $29,000. Eagle Bay Advisors LLC bought a new position in Zillow Group in the second quarter valued at about $36,000. Finally, Compagnie Lombard Odier SCmA lifted its holdings in Zillow Group by 140.8% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,445 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 845 shares during the period. 70.49% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. VNET Group reissued an “initiates” rating on shares of Zillow Group in a report on Tuesday, June 27th. Wells Fargo & Company increased their target price on Zillow Group from $50.00 to $55.00 in a report on Friday, August 4th. Jefferies Financial Group raised their price objective on Zillow Group from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $55.00 price objective on shares of Zillow Group in a research note on Thursday, August 3rd. Finally, 51job reaffirmed an “initiates” rating on shares of Zillow Group in a research note on Tuesday, June 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.50.
Zillow Group Stock Down 0.4 %
Shares of NASDAQ Z opened at $49.97 on Friday. The company has a quick ratio of 10.90, a current ratio of 10.90 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $52.12 and a two-hundred day simple moving average of $47.03. Zillow Group, Inc. has a twelve month low of $26.14 and a twelve month high of $57.19.
Zillow Group (NASDAQ:Z – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported ($0.05) earnings per share for the quarter. The firm had revenue of $506.00 million for the quarter. Zillow Group had a negative net margin of 9.61% and a negative return on equity of 2.78%.
Insider Transactions at Zillow Group
In related news, insider Dan Spaulding sold 4,907 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $50.24, for a total transaction of $246,527.68. Following the transaction, the insider now directly owns 59,579 shares in the company, valued at approximately $2,993,248.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Dan Spaulding sold 4,907 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $50.24, for a total transaction of $246,527.68. Following the transaction, the insider now directly owns 59,579 shares in the company, valued at approximately $2,993,248.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 11,568 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $52.89, for a total value of $611,831.52. Following the sale, the chief accounting officer now owns 75,298 shares in the company, valued at approximately $3,982,511.22. The disclosure for this sale can be found here. In the last three months, insiders sold 63,745 shares of company stock valued at $3,312,722. Corporate insiders own 15.30% of the company’s stock.
Zillow Group Profile
Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.
Featured Articles
- Five stocks we like better than Zillow Group
- Stock Market Upgrades: What Are They?
- 2 Stocks to Get You Ready for the Holiday Season
- How to Invest in Grocery Stores
- Profit Potential: 5 Undervalued Stocks With High Dividend Yields
- The 3 Best Fintech Stocks to Buy Now
- MarketBeat Week in Review – 8/21 – 8/25
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.
