TB Alternative Assets Ltd. Reduces Holdings in Zillow Group, Inc. $Z

TB Alternative Assets Ltd. lowered its holdings in Zillow Group, Inc. (NASDAQ:Z) by 43.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 407,118 shares of the financial services provider’s stock after selling 308,833 shares during the period. Zillow Group comprises 4.7% of TB Alternative Assets Ltd.’s holdings, making the stock its 9th largest position. TB Alternative Assets Ltd. owned approximately 0.17% of Zillow Group worth $31,368,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in Z. Jump Financial LLC purchased a new position in shares of Zillow Group in the 1st quarter worth about $334,000. Ieq Capital LLC raised its position in Zillow Group by 69.8% in the first quarter. Ieq Capital LLC now owns 49,791 shares of the financial services provider’s stock worth $3,414,000 after acquiring an additional 20,468 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in Zillow Group by 24.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 30,475 shares of the financial services provider’s stock valued at $2,089,000 after acquiring an additional 6,027 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in Zillow Group in the first quarter valued at about $1,594,000. Finally, Canada Pension Plan Investment Board grew its position in shares of Zillow Group by 11.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 239,300 shares of the financial services provider’s stock valued at $16,406,000 after acquiring an additional 24,700 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, October 8th. Oppenheimer began coverage on Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating on the stock. Sanford C. Bernstein upgraded Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Wednesday, September 17th. Finally, Mizuho raised Zillow Group to a “strong-buy” rating in a report on Monday, September 29th. Three 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $91.14.

Insider Transactions at Zillow Group

In other news, Director Erik C. Blachford sold 965 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $72.51, for a total value of $69,972.15. Following the completion of the transaction, the director directly owned 33,543 shares in the company, valued at approximately $2,432,202.93. This trade represents a 2.80% decrease in their ownership of the stock. 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 7,865 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $69.53, for a total transaction of $546,853.45. Following the transaction, the chief financial officer directly owned 70,811 shares of the company’s stock, valued at approximately $4,923,488.83. This represents a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 67,511 shares of company stock valued at $4,766,357. Company insiders own 25.03% of the company’s stock.

Zillow Group Price Performance

Zillow Group stock opened at $69.81 on Friday. The firm has a market capitalization of $16.90 billion, a P/E ratio of -498.61, a PEG ratio of 27.45 and a beta of 2.10. Zillow Group, Inc. has a one year low of $57.51 and a one year high of $93.88. The business has a fifty day moving average price of $72.49 and a 200-day moving average price of $76.43.

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

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.