Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 562.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,964 shares of the financial services provider’s stock after purchasing an additional 45,816 shares during the period. Intech Investment Management LLC’s holdings in Zillow Group were worth $2,632,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in Z. GAMMA Investing LLC purchased a new stake in shares of Zillow Group during the fourth quarter valued at $25,000. Concord Wealth Partners purchased a new stake in shares of Zillow Group during the first quarter valued at $26,000. Fidelis Capital Partners LLC purchased a new stake in shares of Zillow Group during the first quarter valued at $37,000. Principal Securities Inc. purchased a new stake in shares of Zillow Group during the fourth quarter valued at $53,000. Finally, Mather Group LLC. purchased a new stake in shares of Zillow Group during the first quarter valued at $62,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Z has been the topic of several analyst reports. Wedbush cut their price target on Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.20.

Zillow Group Price Performance

Z traded down $0.56 during trading on Friday, reaching $50.41. The company’s stock had a trading volume of 2,729,522 shares, compared to its average volume of 3,315,063. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $45.50 and a two-hundred day simple moving average of $49.03. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13. The company has a market cap of $11.91 billion, a price-to-earnings ratio of -73.06 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The business had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $509.30 million. During the same period last year, the business earned ($0.06) earnings per share. As a group, analysts anticipate that Zillow Group, Inc. will post -0.4 EPS for the current year.

Insider Activity

In related news, insider Susan Daimler sold 4,931 shares of Zillow Group stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $44.29, for a total value of $218,393.99. Following the completion of the sale, the insider now owns 19,556 shares in the company, valued at approximately $866,135.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Susan Daimler sold 4,931 shares of Zillow Group stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $44.29, for a total value of $218,393.99. Following the completion of the sale, the insider now owns 19,556 shares in the company, valued at approximately $866,135.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 5,662 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.22, for a total transaction of $250,373.64. Following the completion of the sale, the chief financial officer now owns 131,685 shares of the company’s stock, valued at approximately $5,823,110.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,041 shares of company stock valued at $2,637,477. 23.76% of the stock is currently owned by company insiders.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.