denkapparat Operations GmbH Invests $541,000 in Zillow Group, Inc. $Z

denkapparat Operations GmbH acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 17,164 shares of the financial services provider’s stock, valued at approximately $541,000.

A number of other hedge funds also recently made changes to their positions in Z. The Manufacturers Life Insurance Company boosted its holdings in shares of Zillow Group by 106.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 41,519 shares of the financial services provider’s stock worth $1,718,000 after purchasing an additional 21,439 shares in the last quarter. Tiger Global Management LLC increased its position in shares of Zillow Group by 21.7% during the 1st quarter. Tiger Global Management LLC now owns 7,368,957 shares of the financial services provider’s stock valued at $304,927,000 after purchasing an additional 1,312,000 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Zillow Group by 17,458.4% during the 4th quarter. IFP Advisors Inc now owns 73,921 shares of the financial services provider’s stock valued at $5,043,000 after buying an additional 73,500 shares in the last quarter. Emmett Investment Management LP raised its holdings in shares of Zillow Group by 353.9% during the 1st quarter. Emmett Investment Management LP now owns 96,236 shares of the financial services provider’s stock valued at $3,897,000 after buying an additional 75,036 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in Zillow Group in the 1st quarter worth approximately $1,743,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Trading Down 2.1%

Z opened at $34.59 on Friday. The stock has a fifty day simple moving average of $33.83 and a two-hundred day simple moving average of $38.07. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 157.23, a price-to-earnings-growth ratio of 1.54 and a beta of 2.00. Zillow Group, Inc. has a 12-month low of $29.23 and a 12-month high of $93.88.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. Zillow Group had a net margin of 1.96% and a return on equity of 2.32%. The firm had revenue of $772.00 million for the quarter, compared to analysts’ expectations of $758.10 million. On average, analysts predict that Zillow Group, Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on Z. Evercore cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Royal Bank Of Canada lowered their price objective on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, June 10th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.75.

Insiders Place Their Bets

In related news, Director Claire Cormier Thielke sold 1,187 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $35.71, for a total value of $42,387.77. Following the sale, the director owned 2,375 shares in the company, valued at $84,811.25. This represents a 33.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dan Spaulding sold 3,169 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $35.37, for a total value of $112,087.53. Following the completion of the sale, the insider owned 44,561 shares in the company, valued at $1,576,122.57. The trade was a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 39,330 shares of company stock valued at $1,351,327. Insiders own 25.03% of the company’s stock.

Zillow Group Company 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.