Amova Asset Management Americas Inc. Increases Holdings in Zillow Group, Inc. $Z

Amova Asset Management Americas Inc. increased its position in Zillow Group, Inc. (NASDAQ:Z) by 114.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,958 shares of the financial services provider’s stock after purchasing an additional 242,453 shares during the quarter. Amova Asset Management Americas Inc. owned approximately 0.19% of Zillow Group worth $35,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of Z. Rakuten Investment Management Inc. purchased a new stake in Zillow Group in the third quarter worth about $2,919,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Zillow Group by 63.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 85,210 shares of the financial services provider’s stock valued at $6,565,000 after purchasing an additional 32,975 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Zillow Group by 0.3% in 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 purchasing an additional 71,336 shares during the period. Coronation Fund Managers Ltd. bought a new position in shares of Zillow Group during the third quarter valued at approximately $18,141,000. Finally, WT Wealth Management purchased a new position in Zillow Group during the third quarter valued at approximately $1,458,000. 71.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 transaction of $340,481.78. Following the completion of the sale, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 2,602 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $44.42, for a total transaction of $115,580.84. Following the completion of the transaction, the general counsel owned 33,355 shares in the company, valued at $1,481,629.10. This represents a 7.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 60,801 shares of company stock valued at $2,683,986 over the last 90 days. 25.03% of the stock is currently owned by corporate insiders.

Zillow Group Stock Up 1.3%

Shares of Zillow Group stock opened at $45.82 on Thursday. Zillow Group, Inc. has a 52-week low of $41.91 and a 52-week high of $93.88. The company has a market capitalization of $10.99 billion, a P/E ratio of 509.17, a P/E/G ratio of 2.53 and a beta of 2.10. The company has a 50 day moving average of $58.77 and a 200 day moving average of $70.43.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data 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 firm 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%. As a group, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on Z. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Mizuho downgraded Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Finally, Keefe, Bruyette & Woods cut 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 report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zillow Group presently has a consensus rating of “Hold” and a consensus price target of $90.60.

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.