Bamco Inc. NY Invests $936,000 in Zillow Group, Inc. $Z

Bamco Inc. NY acquired a new stake in Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,150 shares of the financial services provider’s stock, valued at approximately $936,000.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in 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 worth $1,777,841,000 after acquiring an additional 71,336 shares during the last quarter. Capital World Investors raised its stake in shares of Zillow Group by 7.8% during the third quarter. Capital World Investors now owns 10,635,008 shares of the financial services provider’s stock valued at $819,427,000 after acquiring an additional 769,944 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of Zillow Group by 2.0% during the third quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock worth $371,788,000 after purchasing an additional 93,339 shares during the period. Eminence Capital LP lifted its holdings in shares of Zillow Group by 63.6% during the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after purchasing an additional 1,546,577 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of 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 worth $219,467,000 after purchasing an additional 69,630 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Down 1.3%

Z stock opened at $42.36 on Tuesday. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 470.72, a PEG ratio of 2.40 and a beta of 2.10. Zillow Group, Inc. has a 12-month low of $41.13 and a 12-month high of $93.88. The company’s fifty day simple moving average is $54.90 and its 200 day simple moving average is $68.07.

Zillow Group (NASDAQ:Z) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $650.40 million. Research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 7,786 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was 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 of the company’s stock, valued at approximately $2,513,906.51. The trade was a 11.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Bradley D. Owens sold 2,602 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $44.42, for a total value of $115,580.84. Following the transaction, the general counsel owned 33,355 shares in the company, valued at $1,481,629.10. The trade was a 7.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 60,801 shares of company stock worth $2,683,986 over the last quarter. 23.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on Z shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Keefe, Bruyette & Woods lowered their price objective on Zillow Group from $80.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, February 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, three 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, the company has an average rating of “Hold” and a consensus target price of $90.60.

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.