Greencape Capital Pty Ltd Buys 634,510 Shares of Zillow Group, Inc. $Z

Greencape Capital Pty Ltd increased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,722,911 shares of the financial services provider’s stock after acquiring an additional 634,510 shares during the period. Zillow Group makes up approximately 100.0% of Greencape Capital Pty Ltd’s portfolio, making the stock its biggest holding. Greencape Capital Pty Ltd’s holdings in Zillow Group were worth $185,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. M&T Bank Corp acquired a new position in Zillow Group during the fourth quarter worth $196,677,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Zillow Group by 10.1% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,911 shares of the financial services provider’s stock worth $4,163,000 after acquiring an additional 5,576 shares during the period. Optas LLC grew its holdings in Zillow Group by 128.6% during the fourth quarter. Optas LLC now owns 14,299 shares of the financial services provider’s stock worth $975,000 after acquiring an additional 8,044 shares during the period. Asset Management One Co. Ltd. grew its holdings in Zillow Group by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 65,169 shares of the financial services provider’s stock worth $4,551,000 after acquiring an additional 284 shares during the period. Finally, Ninety One North America Inc. acquired a new position in Zillow Group during the fourth quarter worth $3,806,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Performance

Z opened at $46.17 on Wednesday. The business’s fifty day moving average is $43.64 and its two-hundred day moving average is $60.65. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 513.06, a PEG ratio of 2.32 and a beta of 2.14. Zillow Group, Inc. has a one year low of $39.05 and a one year high of $93.88.

Zillow Group (NASDAQ:Z) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%. On average, analysts predict that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Keefe, Bruyette & Woods dropped their price objective on Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, February 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.60.

Insider Activity at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total transaction of $604,499.25. Following the sale, the chief executive officer directly owned 116,322 shares in the company, valued at approximately $5,147,248.50. The trade was a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dan Spaulding sold 5,361 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the sale, the insider owned 41,080 shares in the company, valued at approximately $1,805,466. The trade was a 11.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,801 shares of company stock valued at $2,683,986 in the last 90 days. 23.76% of the stock is owned by corporate insiders.

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.