Amitell Capital Pte Ltd Takes Position in Zillow Group, Inc. $Z

Amitell Capital Pte Ltd bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,905 shares of the financial services provider’s stock, valued at approximately $1,071,000.

Other hedge funds have also added to or reduced their stakes in the company. Eminence Capital LP boosted its holdings in shares of 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 worth $278,710,000 after buying an additional 1,546,577 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Zillow Group during the 2nd quarter valued at $57,021,000. Norges Bank bought a new position in Zillow Group during the second quarter worth $29,174,000. Vanguard Group Inc. boosted its stake in Zillow Group by 1.8% during the second quarter. Vanguard Group Inc. now owns 23,002,526 shares of the financial services provider’s stock worth $1,611,327,000 after acquiring an additional 412,571 shares in the last quarter. Finally, Atreides Management LP grew its holdings in Zillow Group by 82.5% in the second quarter. Atreides Management LP now owns 856,008 shares of the financial services provider’s stock worth $59,963,000 after purchasing an additional 386,947 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Performance

Shares of Z opened at $45.31 on Thursday. Zillow Group, Inc. has a fifty-two week low of $41.91 and a fifty-two week high of $93.88. The firm’s 50-day simple moving average is $61.11 and its two-hundred day simple moving average is $71.76. The stock has a market cap of $10.87 billion, a PE ratio of 503.50, a price-to-earnings-growth ratio of 2.45 and a beta of 2.08.

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). The company had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. Equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insiders Place Their Bets

In related news, insider Dan Spaulding sold 5,361 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $43.95, for a total value of $235,615.95. Following the transaction, the insider owned 41,080 shares in the company, valued at $1,805,466. The trade was a 11.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeremy Wacksman sold 13,661 shares of the stock in a transaction dated Tuesday, February 17th. The shares were 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 trade represents a 10.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 62,007 shares of company stock valued at $2,771,433. Company insiders own 25.03% of the company’s stock.

Analyst Ratings Changes

Z has been the topic of several research reports. Keefe, Bruyette & Woods dropped 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 report on Monday, February 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. JPMorgan Chase & Co. increased their price target on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.