Axa Acquires New Holdings in Zillow Group, Inc. (Z)
Axa acquired a new stake in Zillow Group, Inc. (NASDAQ:Z) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 171,536 shares of the financial services provider’s stock, valued at approximately $8,407,000. Axa owned about 0.09% of Zillow Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in Z. JPMorgan Chase & Co. increased its holdings in Zillow Group by 878.9% in the second quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 2,830 shares during the last quarter. Gillespie Robinson & Grimm Inc. bought a new stake in shares of Zillow Group in the second quarter worth about $204,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Zillow Group in the first quarter worth about $209,000. Aperio Group LLC bought a new stake in shares of Zillow Group in the second quarter worth about $218,000. Finally, World Asset Management Inc bought a new stake in shares of Zillow Group in the second quarter worth about $221,000. Institutional investors and hedge funds own 86.21% of the company’s stock.
Z has been the subject of several recent analyst reports. BidaskClub downgraded Zillow Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Benchmark Co. reiterated a “buy” rating and set a $55.00 price objective on shares of Zillow Group in a report on Sunday, July 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $54.50 price objective (up from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Zacks Investment Research upgraded Zillow Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, Cowen and Company reiterated a “hold” rating on shares of Zillow Group in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.06.
In other news, insider Errol G. Samuelson sold 7,050 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $49.30, for a total value of $347,565.00. Following the completion of the transaction, the insider now directly owns 34,727 shares of the company’s stock, valued at $1,712,041.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 739 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $39.60, for a total value of $29,264.40. Following the completion of the transaction, the chief technology officer now directly owns 32,609 shares of the company’s stock, valued at $1,291,316.40. The disclosure for this sale can be found here. Insiders have sold a total of 274,111 shares of company stock valued at $12,201,269 over the last three months. Corporate insiders own 26.97% of the company’s stock.
Zillow Group, Inc. (NASDAQ Z) opened at 39.05 on Thursday. Zillow Group, Inc. has a 12 month low of $31.22 and a 12 month high of $40.94. The company’s 50-day moving average price is $39.86 and its 200 day moving average price is $36.21. The firm’s market capitalization is $7.24 billion.
Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) EPS for the quarter. The company had revenue of $266.85 million for the quarter. Zillow Group had a negative return on equity of 0.40% and a negative net margin of 4.47%. On average, equities research analysts predict that Zillow Group, Inc. will post $0.50 earnings per share for the current year.
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Zillow Group Profile
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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