Zillow Group, Inc. $Z Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in Zillow Group, Inc. (NASDAQ:Z) by 228.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 470,288 shares of the financial services provider’s stock after acquiring an additional 327,076 shares during the quarter. Assenagon Asset Management S.A. owned 0.19% of Zillow Group worth $32,083,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in Zillow Group in the third quarter valued at $27,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group during the third quarter worth about $29,000. Cullen Frost Bankers Inc. raised its position in Zillow Group by 58.6% during the third quarter. Cullen Frost Bankers Inc. now owns 441 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 163 shares in the last quarter. Pittenger & Anderson Inc. raised its position in Zillow Group by 32.8% during the third quarter. Pittenger & Anderson Inc. now owns 546 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 135 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Zillow Group by 4,119.0% in the third quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 865 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Z has been the topic of a number of analyst reports. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 29th. Mizuho cut shares of 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 target 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. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Finally, Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. 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 given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $90.60.

Insider Buying and Selling at Zillow Group

In related news, CEO Jeremy Wacksman sold 13,661 shares of the company’s 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 completion of the transaction, the chief executive officer owned 116,322 shares in the company, valued at $5,147,248.50. This represents a 10.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 7,786 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $43.73, for a total transaction of $340,481.78. Following the completion of the transaction, the chief financial officer directly owned 57,487 shares in the company, valued at $2,513,906.51. This represents a 11.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 60,801 shares of company stock valued at $2,683,986. Insiders own 25.03% of the company’s stock.

Zillow Group Trading Down 3.8%

Shares of Z stock opened at $43.60 on Thursday. Zillow Group, Inc. has a 12-month low of $41.13 and a 12-month high of $93.88. The business’s 50 day moving average is $51.64 and its two-hundred day moving average is $66.26. The company has a market capitalization of $10.46 billion, a P/E ratio of 484.50, a P/E/G ratio of 2.53 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business 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%. On average, research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Zillow Group 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.