Highbridge Capital Management LLC trimmed its position in shares of Zillow Group Inc (NASDAQ:Z) by 37.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,732 shares of the financial services provider’s stock after selling 16,868 shares during the period. Highbridge Capital Management LLC’s holdings in Zillow Group were worth $1,227,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Zillow Group by 125.9% during the 1st quarter. Royal Bank of Canada now owns 3,381 shares of the financial services provider’s stock valued at $182,000 after buying an additional 16,423 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Zillow Group during the 2nd quarter valued at approximately $210,000. First Trust Advisors LP grew its holdings in Zillow Group by 235.6% during the 2nd quarter. First Trust Advisors LP now owns 481,658 shares of the financial services provider’s stock valued at $28,447,000 after buying an additional 338,131 shares in the last quarter. Rhumbline Advisers grew its holdings in Zillow Group by 10.4% during the 2nd quarter. Rhumbline Advisers now owns 119,260 shares of the financial services provider’s stock valued at $7,043,000 after buying an additional 11,193 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Zillow Group by 758.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 203,976 shares of the financial services provider’s stock valued at $12,047,000 after buying an additional 180,206 shares in the last quarter. Institutional investors own 56.68% of the company’s stock.
In other Zillow Group news, CFO Jennifer Rock sold 899 shares of Zillow Group stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $46.26, for a total value of $41,587.74. Following the transaction, the chief financial officer now owns 274 shares in the company, valued at $12,675.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Spencer M. Rascoff sold 57,518 shares of Zillow Group stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $46.95, for a total value of $2,700,470.10. Following the completion of the transaction, the chief executive officer now owns 68,200 shares in the company, valued at approximately $3,201,990. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 2,179,897 shares of company stock worth $67,096,564 and have sold 97,877 shares worth $4,388,144. Company insiders own 21.72% of the company’s stock.
NASDAQ:Z opened at $36.10 on Friday. Zillow Group Inc has a twelve month low of $26.38 and a twelve month high of $65.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 11.43 and a current ratio of 11.72.
Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, November 6th. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.14). The business had revenue of $343.09 million for the quarter. Zillow Group had a positive return on equity of 0.06% and a negative net margin of 7.94%.
A number of research firms have recently commented on Z. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. BidaskClub downgraded Zillow Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Zelman & Associates began coverage on Zillow Group in a research report on Friday, November 2nd. They set a “hold” rating for the company. UBS Group downgraded Zillow Group to a “neutral” rating in a research report on Wednesday, November 7th. Finally, Susquehanna Bancshares reiterated a “negative” rating and set a $23.00 target price on shares of Zillow Group in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Zillow Group presently has a consensus rating of “Hold” and an average price target of $48.75.
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Zillow Group Company 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 consumers 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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