Amitell Capital Pte Ltd Invests $1.07 Million in Zillow Group, Inc. $Z

Amitell Capital Pte Ltd acquired a new position in Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 13,905 shares of the financial services provider’s stock, valued at approximately $1,071,000.

A number of other hedge funds also recently bought and sold shares of Z. Eminence Capital LP boosted its position in Zillow Group by 63.6% in the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after purchasing an additional 1,546,577 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of Zillow Group during the 2nd quarter valued at about $57,021,000. Norges Bank bought a new position in shares of Zillow Group in the 2nd quarter worth approximately $29,174,000. Vanguard Group Inc. boosted its holdings in shares of Zillow Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 23,002,526 shares of the financial services provider’s stock worth $1,611,327,000 after buying an additional 412,571 shares during the last quarter. Finally, Atreides Management LP boosted its holdings in shares of Zillow Group by 82.5% in the second quarter. Atreides Management LP now owns 856,008 shares of the financial services provider’s stock worth $59,963,000 after buying an additional 386,947 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Up 3.6%

Shares of Z opened at $45.31 on Thursday. Zillow Group, Inc. has a 12-month low of $41.91 and a 12-month high of $93.88. The company has a market capitalization of $10.87 billion, a PE ratio of 503.50, a price-to-earnings-growth ratio of 2.45 and a beta of 2.08. The business’s 50 day moving average is $61.11 and its 200 day moving average is $71.76.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $654.00 million for the quarter, compared to analysts’ expectations of $650.40 million. Zillow Group had a net margin of 0.89% and a return on equity of 0.56%. Equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO David A. Beitel sold 3,966 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $175,376.52. Following the completion of the transaction, the chief technology officer owned 136,690 shares in the company, valued at $6,044,431.80. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Bradley D. Owens sold 2,602 shares of Zillow Group stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $44.42, for a total value of $115,580.84. Following the completion of the sale, the general counsel directly owned 33,355 shares in the company, valued at $1,481,629.10. This trade represents a 7.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 62,007 shares of company stock worth $2,771,433 in the last 90 days. 25.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. Mizuho downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Keefe, Bruyette & Woods decreased their target price on Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, February 9th. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $90.60.

Zillow Group Company 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.