Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 71.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 95,880 shares of the financial services provider’s stock after selling 240,678 shares during the period. Marshall Wace LLP’s holdings in Zillow Group were worth $4,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flynn Zito Capital Management LLC boosted its stake in shares of Zillow Group by 7.2% in the second quarter. Flynn Zito Capital Management LLC now owns 4,810 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 325 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Zillow Group by 0.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 86,527 shares of the financial services provider’s stock worth $4,221,000 after purchasing an additional 403 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Zillow Group by 1.9% during the first quarter. Wedmont Private Capital now owns 24,920 shares of the financial services provider’s stock worth $1,196,000 after buying an additional 468 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the last quarter. Finally, Concord Wealth Partners acquired a new position in Zillow Group during the first quarter worth about $26,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Trading Up 1.3 %

NASDAQ:Z opened at $64.65 on Wednesday. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $68.73. The firm has a market cap of $15.27 billion, a PE ratio of -93.70 and a beta of 1.94. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $55.12 and a 200 day moving average price of $48.87.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share 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 for the quarter, compared to analysts’ expectations of $539.74 million. Sell-side analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 2,991 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total value of $159,061.38. Following the transaction, the insider now directly owns 70,342 shares in the company, valued at $3,740,787.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zillow Group news, insider Dan Spaulding sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total transaction of $159,061.38. Following the transaction, the insider now owns 70,342 shares of the company’s stock, valued at $3,740,787.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were 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. The disclosure for this sale can be found here. In the last ninety days, insiders sold 221,999 shares of company stock valued at $11,780,363. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of recent research reports. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.20.

About Zillow Group

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.