Dimensional Fund Advisors LP Has $122.80 Million Stock Position in Zillow Group, Inc. $Z

Dimensional Fund Advisors LP reduced its stake in Zillow Group, Inc. (NASDAQ:Z) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,592,739 shares of the financial services provider’s stock after selling 67,444 shares during the period. Dimensional Fund Advisors LP owned approximately 0.66% of Zillow Group worth $122,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Zillow Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after acquiring an additional 71,336 shares during the period. 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 valued at $371,788,000 after acquiring 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 valued at $278,710,000 after acquiring an additional 1,546,577 shares during the period. Geode Capital Management LLC boosted its stake in shares of Zillow Group by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,142,403 shares of the financial services provider’s stock valued at $219,467,000 after purchasing an additional 69,630 shares in the last quarter. Finally, Atreides Management LP grew its holdings in shares of Zillow Group by 82.5% in the 2nd 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 last quarter. Institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In other news, CTO David A. Beitel sold 3,966 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.22, for a total value of $175,376.52. Following the completion of the sale, the chief technology officer directly owned 136,690 shares of the company’s stock, valued at $6,044,431.80. This represents a 2.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the insider directly owned 41,080 shares of the company’s stock, valued at approximately $1,805,466. This trade represents a 11.54% 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 valued at $2,683,986 in the last ninety days. 25.03% of the stock is currently owned by insiders.

Zillow Group Stock Performance

Z opened at $44.90 on Thursday. The company has a fifty day moving average price of $56.37 and a two-hundred day moving average price of $69.10. Zillow Group, Inc. has a 52 week low of $41.91 and a 52 week high of $93.88. The firm has a market capitalization of $10.77 billion, a PE ratio of 498.94, a P/E/G ratio of 2.46 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share 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 company had revenue of $654.00 million during the quarter, compared to analyst estimates of $650.40 million. Equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Z has been the subject of several analyst reports. Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Finally, Keefe, Bruyette & Woods decreased their price target on 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 equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Zillow Group currently has an average rating of “Hold” and a consensus target price 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.