Friedenthal Financial Invests $920,000 in Zillow Group, Inc. $Z

Friedenthal Financial bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 11,945 shares of the financial services provider’s stock, valued at approximately $920,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in Z. Eminence Capital LP grew its stake in shares of Zillow Group by 63.6% during the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after acquiring an additional 1,546,577 shares during the last quarter. Holocene Advisors LP acquired a new stake in Zillow Group in the 2nd quarter worth approximately $57,021,000. Ninety One UK Ltd boosted its stake in Zillow Group by 17.4% in the 2nd quarter. Ninety One UK Ltd now owns 4,731,948 shares of the financial services provider’s stock worth $331,473,000 after purchasing an additional 702,445 shares in the last quarter. Atreides Management LP purchased a new stake in Zillow Group during the 1st quarter worth approximately $32,159,000. Finally, AQR Capital Management LLC increased its stake in Zillow Group by 320.0% during the 1st quarter. AQR Capital Management LLC now owns 550,217 shares of the financial services provider’s stock valued at $37,222,000 after purchasing an additional 419,202 shares in the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Bradley D. Owens sold 2,722 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total transaction of $183,490.02. Following the sale, the general counsel directly owned 37,974 shares of the company’s stock, valued at approximately $2,559,827.34. This represents a 6.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dan Spaulding sold 5,455 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.40, for a total transaction of $378,577.00. Following the sale, the insider owned 50,342 shares in the company, valued at approximately $3,493,734.80. This represents a 9.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 67,511 shares of company stock worth $4,766,357. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Shares of Z opened at $68.73 on Wednesday. The business’s 50-day moving average is $72.73 and its two-hundred day moving average is $76.50. The company has a market capitalization of $16.64 billion, a P/E ratio of -490.89, a P/E/G ratio of 27.00 and a beta of 2.10. Zillow Group, Inc. has a fifty-two week low of $57.51 and a fifty-two week high of $93.88.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $729.00 million during the quarter, compared to analyst estimates of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. Analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research note on Wednesday, September 17th. Oppenheimer started coverage on Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on Zillow Group from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Finally, Mizuho upgraded Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.14.

Zillow Group 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.