61,810 Shares in Zillow Group, Inc. $Z Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC acquired a new position in Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 61,810 shares of the financial services provider’s stock, valued at approximately $4,762,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC grew its stake in shares of 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 purchasing an additional 171 shares during the period. Intech Investment Management LLC lifted its stake in shares of 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 purchasing an additional 3,653 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Zillow Group by 25.1% in the second quarter. Los Angeles Capital Management LLC now owns 4,946 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 991 shares during the period. National Pension Service boosted its holdings in Zillow Group by 340.4% during the second quarter. National Pension Service now owns 2,541 shares of the financial services provider’s stock worth $178,000 after buying an additional 1,964 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Zillow Group by 58.2% during the second 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 in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods lowered their price objective on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock 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 report on Thursday, January 29th. 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.60.

Zillow Group Stock Performance

Zillow Group stock opened at $42.90 on Monday. Zillow Group, Inc. has a fifty-two week low of $41.13 and a fifty-two week high of $93.88. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 476.72, a PEG ratio of 2.40 and a beta of 2.10. The stock has a fifty day moving average of $55.37 and a two-hundred day moving average of $68.37.

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

Insider Transactions at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 7,015 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $44.21, for a total value of $310,133.15. Following the transaction, the insider directly owned 113,800 shares in the company, valued at approximately $5,031,098. This represents a 5.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeremy Wacksman sold 13,661 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total transaction of $604,499.25. Following the sale, the chief executive officer directly owned 116,322 shares in the company, valued at $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,801 shares of company stock worth $2,683,986 in the last ninety days. Company insiders own 23.76% 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.