SG Americas Securities LLC Increases Stock Holdings in Zillow Group, Inc. $Z

SG Americas Securities LLC increased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 167.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,862 shares of the financial services provider’s stock after purchasing an additional 26,865 shares during the period. SG Americas Securities LLC’s holdings in Zillow Group were worth $3,303,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of Z. Garrison Point Advisors LLC grew its stake in shares of Zillow Group by 106.3% in the 3rd quarter. Garrison Point Advisors LLC now owns 6,400 shares of the financial services provider’s stock valued at $493,000 after buying an additional 3,298 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Zillow Group by 4.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 64,885 shares of the financial services provider’s stock valued at $4,999,000 after buying an additional 2,960 shares during the period. WT Wealth Management acquired a new position in Zillow Group in the third quarter valued at approximately $1,458,000. Generali Asset Management SPA SGR acquired a new position in Zillow Group in the third quarter valued at approximately $1,055,000. Finally, Ninety One SA PTY Ltd grew its position in Zillow Group by 11.4% in the third quarter. Ninety One SA PTY Ltd now owns 54,597 shares of the financial services provider’s stock worth $4,207,000 after acquiring an additional 5,609 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 7,865 shares of the 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 sale, the chief financial officer directly owned 70,811 shares in the company, valued at $4,923,488.83. This represents a 10.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 7,641 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $71.13, for a total transaction of $543,504.33. Following the completion of the transaction, the insider directly owned 120,815 shares of the company’s stock, valued at $8,593,570.95. This represents a 5.95% 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 valued at $4,766,357. 23.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on Z shares. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, October 8th. Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a report on Wednesday, September 17th. Gordon Haskett raised shares of Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of 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. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.83.

Zillow Group Trading Down 0.8%

Z stock opened at $68.17 on Tuesday. The business’s fifty day moving average price is $70.88 and its 200 day moving average price is $76.38. Zillow Group, Inc. has a 12-month low of $57.51 and a 12-month high of $93.88. The company has a market capitalization of $16.50 billion, a PE ratio of -486.89, a P/E/G ratio of 3.81 and a beta of 2.07.

Zillow Group (NASDAQ:Z) last announced its earnings results on Thursday, October 30th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The firm had revenue of $729.00 million for the quarter, compared to analysts’ expectations of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. Research analysts predict that Zillow Group, Inc. will post 0.32 EPS 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.