Andra AP fonden Buys 21,994 Shares of Zillow Group, Inc. $Z

Andra AP fonden grew its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 24.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,594 shares of the financial services provider’s stock after purchasing an additional 21,994 shares during the quarter. Andra AP fonden’s holdings in Zillow Group were worth $8,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in Zillow Group by 4.7% during the first quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after buying an additional 171 shares during the last quarter. Intech Investment Management LLC lifted its stake in Zillow Group by 21.7% in the first quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock valued at $1,407,000 after acquiring an additional 3,653 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Zillow Group by 6.7% in the second quarter. Teacher Retirement System of Texas now owns 24,875 shares of the financial services provider’s stock valued at $1,742,000 after acquiring an additional 1,572 shares during the last quarter. New York Life Investment Management LLC grew its position in shares of Zillow Group by 7.1% in the 2nd quarter. New York Life Investment Management LLC now owns 18,475 shares of the financial services provider’s stock valued at $1,294,000 after acquiring an additional 1,223 shares during the period. Finally, Spire Wealth Management increased its stake in shares of Zillow Group by 769.8% during the 2nd quarter. Spire Wealth Management now owns 3,740 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 3,310 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the subject of several recent analyst reports. Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Finally, Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $90.60.

Insider Buying and Selling

In other Zillow Group news, insider Dan Spaulding sold 5,361 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the completion of the sale, the insider owned 41,080 shares in the company, valued at approximately $1,805,466. This trade represents a 11.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 7,786 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total value of $340,481.78. Following the transaction, the chief financial officer directly owned 57,487 shares in the company, valued at $2,513,906.51. This trade represents a 11.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 62,007 shares of company stock valued at $2,771,433 over the last ninety days. Corporate insiders own 25.03% of the company’s stock.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $44.62 on Friday. The stock has a market capitalization of $10.71 billion, a P/E ratio of 495.83, a price-to-earnings-growth ratio of 2.50 and a beta of 2.08. Zillow Group, Inc. has a one year low of $41.91 and a one year high of $93.88. The business’s 50 day simple moving average is $60.21 and its two-hundred day simple moving average is $71.28.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $654.00 million during the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. Sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.