Generali Asset Management SPA SGR Acquires New Position in Zillow Group, Inc. $Z

Generali Asset Management SPA SGR bought a new position in Zillow Group, Inc. (NASDAQ:Z) in the third quarter, according to its most recent filing with the SEC. The firm bought 13,696 shares of the financial services provider’s stock, valued at approximately $1,055,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Zillow Group by 2.5% in the second quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider’s stock worth $403,000 after buying an additional 140 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Zillow Group by 25.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 159 shares during the last quarter. True Vision MN LLC raised its stake in Zillow Group by 2.1% in the 2nd quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider’s stock worth $544,000 after acquiring an additional 161 shares during the last quarter. Empowered Funds LLC lifted its position in Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 171 shares during the period. Finally, CWM LLC grew its stake in Zillow Group by 4.9% during the 3rd quarter. CWM LLC now owns 3,648 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In other Zillow Group news, CEO Jeremy Wacksman sold 10,855 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.99, for a total transaction of $759,741.45. Following the transaction, the chief executive officer directly owned 134,712 shares of the company’s stock, valued at approximately $9,428,492.88. This trade represents a 7.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Errol G. Samuelson sold 7,641 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $71.13, for a total transaction of $543,504.33. Following the completion of the sale, the insider directly owned 120,815 shares of the company’s stock, valued at $8,593,570.95. The trade was a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 67,511 shares of company stock worth $4,766,357. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Z opened at $65.92 on Monday. 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 $15.96 billion, a P/E ratio of -470.82, a price-to-earnings-growth ratio of 3.65 and a beta of 2.07. The business’s 50-day simple moving average is $71.63 and its 200-day simple moving average is $76.42.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $729.00 million for the quarter, compared to analysts’ expectations of $670.28 million. On average, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on Z. Keefe, Bruyette & Woods reduced their price objective on Zillow Group from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Oppenheimer started coverage on shares of Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating for the company. Mizuho upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. increased their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.14.

Zillow Group Company Profile

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.