Bellwether Advisors LLC Makes New $1.76 Million Investment in Zillow Group, Inc. $Z

Bellwether Advisors LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,810 shares of the financial services provider’s stock, valued at approximately $1,758,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of Z. NZS Capital LLC grew its stake in Zillow Group by 6.7% during the 3rd quarter. NZS Capital LLC now owns 322,803 shares of the financial services provider’s stock valued at $24,872,000 after acquiring an additional 20,373 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of Zillow Group by 9.8% during the 3rd quarter. APG Asset Management N.V. now owns 120,500 shares of the financial services provider’s stock worth $9,285,000 after purchasing an additional 10,800 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Zillow Group in the third quarter valued at approximately $88,000. Erste Asset Management GmbH grew its position in shares of Zillow Group by 26.7% in the third quarter. Erste Asset Management GmbH now owns 380,000 shares of the financial services provider’s stock valued at $30,605,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Zillow Group by 2.8% in the third quarter. Handelsbanken Fonder AB now owns 48,717 shares of the financial services provider’s stock valued at $3,754,000 after purchasing an additional 1,317 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Trading Up 3.9%

Shares of Z opened at $45.23 on Wednesday. Zillow Group, Inc. has a twelve month low of $41.91 and a twelve month high of $93.88. The firm has a market capitalization of $10.85 billion, a P/E ratio of 502.61, a price-to-earnings-growth ratio of 2.44 and a beta of 2.10. The stock’s fifty day simple moving average is $59.24 and its 200 day simple moving average is $70.61.

Zillow Group (NASDAQ:Z) last announced its quarterly 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 for the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. Sell-side analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on Z. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, Mizuho lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Hold” and a consensus price target of $90.60.

Insider Transactions at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the sale, the chief executive officer directly owned 116,322 shares in the company, valued at $5,147,248.50. The trade was a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 7,015 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $44.21, for a total transaction of $310,133.15. Following the completion of the sale, the insider directly owned 113,800 shares of the company’s stock, valued at $5,031,098. The trade was a 5.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 60,801 shares of company stock valued at $2,683,986 in the last three months. 23.76% of the stock is owned by company insiders.

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.