Commonwealth Equity Services LLC Has $2.65 Million Stake in Zillow Group, Inc. (NASDAQ:Z)

Posted by Defense World Staff on May 15th, 2023

Commonwealth Equity Services LLC trimmed its holdings in Zillow Group, Inc. (NASDAQ:Z – Get Rating) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,203 shares of the financial services provider’s stock after selling 1,972 shares during the period. Commonwealth Equity Services LLC’s holdings in Zillow Group were worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Zillow Group by 8.4% in the first quarter. Vanguard Group Inc. now owns 23,675,244 shares of the financial services provider’s stock valued at $1,166,953,000 after buying an additional 1,837,593 shares during the period. Pacer Advisors Inc. raised its stake in Zillow Group by 424.3% in the fourth quarter. Pacer Advisors Inc. now owns 4,950,130 shares of the financial services provider’s stock valued at $159,444,000 after buying an additional 4,006,027 shares during the period. Baillie Gifford & Co. raised its stake in Zillow Group by 3.9% in the fourth quarter. Baillie Gifford & Co. now owns 2,480,990 shares of the financial services provider’s stock valued at $79,913,000 after buying an additional 93,363 shares during the period. Renaissance Technologies LLC raised its stake in Zillow Group by 45.2% in the third quarter. Renaissance Technologies LLC now owns 1,396,714 shares of the financial services provider’s stock valued at $39,960,000 after buying an additional 434,700 shares during the period. Finally, National Bank of Canada FI raised its stake in Zillow Group by 316.2% in the fourth quarter. National Bank of Canada FI now owns 1,119,658 shares of the financial services provider’s stock valued at $36,065,000 after buying an additional 850,620 shares during the period. 68.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Zillow Group from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 18th. Gordon Haskett initiated coverage on Zillow Group in a research report on Tuesday, April 18th. They set a “hold” rating on the stock.

Insider Activity

In related news, insider Dan Spaulding sold 6,944 shares of the business’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $47.26, for a total value of $328,173.44. Following the completion of the transaction, the insider now directly owns 15,979 shares in the company, valued at approximately $755,167.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Allen Parker sold 3,851 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $46.35, for a total transaction of $178,493.85. Following the completion of the sale, the chief financial officer now owns 157,117 shares of the company’s stock, valued at approximately $7,282,372.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dan Spaulding sold 6,944 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $47.26, for a total transaction of $328,173.44. Following the sale, the insider now directly owns 15,979 shares of the company’s stock, valued at approximately $755,167.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,822 shares of company stock worth $2,382,409. Insiders own 15.30% of the company’s stock.

Zillow Group Stock Down 2.0 %

Z opened at $44.82 on Monday. The stock has a market cap of $10.50 billion, a PE ratio of -75.97 and a beta of 1.64. The company has a quick ratio of 12.70, a current ratio of 12.70 and a debt-to-equity ratio of 0.37. Zillow Group, Inc. has a 52 week low of $26.14 and a 52 week high of $49.32. The business’s fifty day simple moving average is $43.71 and its 200 day simple moving average is $40.38.

Zillow Group (NASDAQ:Z – Get Rating) last announced its quarterly earnings data on Wednesday, February 15th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $418.36 million. Zillow Group had a negative net margin of 5.80% and a negative return on equity of 2.19%.

Zillow Group Profile

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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.