Caledonia Private Investments Pty Ltd increased its stake in Zillow Group, Inc. (NASDAQ:Z) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,636,248 shares of the financial services provider’s stock after buying an additional 665,737 shares during the period. Zillow Group accounts for about 29.6% of Caledonia Private Investments Pty Ltd’s portfolio, making the stock its largest position. Caledonia Private Investments Pty Ltd owned 15.16% of Zillow Group worth $1,171,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of Z. Massey Quick Simon & CO. LLC bought a new position in Zillow Group during the 3rd quarter worth about $130,000. Advisor Group Inc. grew its holdings in Zillow Group by 574.2% during the 4th quarter. Advisor Group Inc. now owns 3,708 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 3,158 shares in the last quarter. Toronto Dominion Bank grew its holdings in Zillow Group by 246.7% during the 3rd quarter. Toronto Dominion Bank now owns 4,417 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 3,143 shares in the last quarter. Virtu Financial LLC bought a new position in Zillow Group during the 4th quarter worth about $202,000. Finally, State of Alaska Department of Revenue bought a new position in Zillow Group during the 4th quarter worth about $294,000. Institutional investors own 58.57% of the company’s stock.
A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Cowen restated a “hold” rating on shares of Zillow Group in a report on Friday, February 9th. Finally, Morgan Stanley upgraded shares of Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $50.79.
Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 8.77% and a positive return on equity of 0.03%. The company had revenue of $282.33 million during the quarter.
In other news, insider Greg M. Schwartz sold 8,584 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $46.45, for a total transaction of $398,726.80. Following the completion of the transaction, the insider now directly owns 8,584 shares of the company’s stock, valued at approximately $398,726.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Jeremy Wacksman sold 11,000 shares of Zillow Group stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $50.32, for a total transaction of $553,520.00. Following the transaction, the chief marketing officer now directly owns 11,468 shares of the company’s stock, valued at $577,069.76. The disclosure for this sale can be found here. Insiders have sold a total of 327,586 shares of company stock valued at $14,415,985 over the last three months. 21.72% of the stock is currently owned by insiders.
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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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