Intech Investment Management LLC Has $860,000 Holdings in Zillow Group, Inc. $Z

Intech Investment Management LLC lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 81.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,168 shares of the financial services provider’s stock after selling 50,326 shares during the quarter. Intech Investment Management LLC’s holdings in Zillow Group were worth $860,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Zillow Group by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after purchasing an additional 71,336 shares during the last quarter. Ninety One UK Ltd increased its stake in shares of Zillow Group by 2.0% in the third quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock valued at $371,788,000 after buying an additional 93,339 shares during the period. Eminence Capital LP increased its position in Zillow Group by 63.6% during the 2nd quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock valued at $278,710,000 after purchasing an additional 1,546,577 shares during the period. Geode Capital Management LLC lifted its holdings in Zillow Group by 2.3% in the second quarter. Geode Capital Management LLC now owns 3,142,403 shares of the financial services provider’s stock valued at $219,467,000 after buying an additional 69,630 shares during the period. Finally, Atreides Management LP boosted its position in shares of Zillow Group by 82.5% during the 2nd quarter. Atreides Management LP now owns 856,008 shares of the financial services provider’s stock valued at $59,963,000 after purchasing an additional 386,947 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Mizuho lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Keefe, Bruyette & Woods cut their price target on Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, February 9th. Finally, Barclays upgraded shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Two 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $90.60.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 7,786 shares of Zillow Group 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 completion of the sale, the chief financial officer directly owned 57,487 shares in the company, valued at $2,513,906.51. The trade was a 11.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO David A. Beitel sold 3,966 shares of Zillow Group stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $44.22, for a total value of $175,376.52. Following the completion of the sale, the chief technology officer directly owned 136,690 shares of the company’s stock, valued at $6,044,431.80. The trade was a 2.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 60,801 shares of company stock worth $2,683,986 in the last three months. 23.76% of the stock is currently owned by company insiders.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $45.91 on Monday. Zillow Group, Inc. has a 1 year low of $41.91 and a 1 year high of $93.88. The company has a market cap of $11.02 billion, a PE ratio of 510.17, a P/E/G ratio of 2.57 and a beta of 2.10. The stock’s 50-day moving average is $57.84 and its 200 day moving average is $69.83.

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