Assenagon Asset Management S.A. Acquires 111,664 Shares of Zillow Group, Inc. $Z

Assenagon Asset Management S.A. boosted its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 353.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,212 shares of the financial services provider’s stock after acquiring an additional 111,664 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of Zillow Group worth $11,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of Z. TD Private Client Wealth LLC lifted its position in shares of Zillow Group by 352.0% during the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 352 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Zillow Group by 58.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after buying an additional 185 shares during the period. Farther Finance Advisors LLC lifted its holdings in Zillow Group by 25.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock valued at $55,000 after buying an additional 159 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Zillow Group by 46.0% during the 2nd quarter. GAMMA Investing LLC now owns 886 shares of the financial services provider’s stock valued at $62,000 after buying an additional 279 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Zillow Group in the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

Z opened at $68.96 on Friday. Zillow Group, Inc. has a one year low of $57.51 and a one year high of $93.88. The stock has a market capitalization of $16.69 billion, a PE ratio of -492.54, a P/E/G ratio of 27.12 and a beta of 2.10. The business’s 50 day moving average price is $72.82 and its 200 day moving average price is $76.47.

Zillow Group (NASDAQ:Z) last posted its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The business had revenue of $729.00 million for the quarter, compared to analyst estimates of $670.28 million. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on Z. Gordon Haskett raised shares of Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. raised their price objective on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Mizuho upgraded Zillow Group to a “strong-buy” rating in a report on Monday, September 29th. Sanford C. Bernstein raised Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a research report on Wednesday, September 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.14.

Insider Buying and Selling at Zillow Group

In related news, CTO David A. Beitel sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $71.12, for a total transaction of $276,870.16. Following the completion of the sale, the chief technology officer directly owned 140,656 shares of the company’s stock, valued at approximately $10,003,454.72. This trade represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 7,865 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $69.53, for a total transaction of $546,853.45. Following the completion of the transaction, the chief financial officer directly owned 70,811 shares in the company, valued at $4,923,488.83. The trade was a 10.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 67,511 shares of company stock worth $4,766,357. Insiders own 25.03% of the company’s stock.

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.