Allianz Asset Management GmbH Increases Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Allianz Asset Management GmbH increased its stake in Zillow Group, Inc. (NASDAQ:ZFree Report) by 100.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,248 shares of the financial services provider’s stock after acquiring an additional 18,686 shares during the quarter. Allianz Asset Management GmbH’s holdings in Zillow Group were worth $2,155,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Zillow Group by 203.1% in the third quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock worth $159,285,000 after acquiring an additional 2,312,241 shares during the last quarter. Norges Bank purchased a new stake in shares of Zillow Group during the fourth quarter worth $34,718,000. Ninety One UK Ltd raised its position in shares of Zillow Group by 29.4% in the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after buying an additional 431,070 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Zillow Group by 688.9% in the third quarter. Nordea Investment Management AB now owns 426,611 shares of the financial services provider’s stock worth $19,910,000 after buying an additional 372,532 shares in the last quarter. Finally, Greencape Capital Pty Ltd boosted its position in Zillow Group by 70.0% during the fourth quarter. Greencape Capital Pty Ltd now owns 846,190 shares of the financial services provider’s stock worth $48,961,000 after acquiring an additional 348,354 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Down 0.1 %

Shares of NASDAQ Z opened at $42.63 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The stock has a market cap of $10.07 billion, a P/E ratio of -61.78 and a beta of 1.95. The business’s fifty day simple moving average is $43.08 and its 200-day simple moving average is $49.46. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $61.13.

Zillow Group (NASDAQ:ZGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. As a group, equities analysts predict that Zillow Group, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 8,562 shares of Zillow Group stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $39.05, for a total value of $334,346.10. Following the transaction, the chief financial officer now directly owns 123,123 shares of the company’s stock, valued at approximately $4,807,953.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zillow Group news, insider Susan Daimler sold 4,931 shares of Zillow Group stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $44.29, for a total value of $218,393.99. Following the transaction, the insider now directly owns 19,556 shares in the company, valued at approximately $866,135.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 8,562 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $39.05, for a total value of $334,346.10. Following the sale, the chief financial officer now directly owns 123,123 shares of the company’s stock, valued at $4,807,953.15. The disclosure for this sale can be found here. Insiders have sold 66,166 shares of company stock worth $2,992,579 in the last quarter. 23.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Wedbush cut their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group lifted their price target on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.20.

Read Our Latest Stock Analysis on Z

About Zillow Group

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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