Assenagon Asset Management S.A. Raises Holdings in Zillow Group, Inc. $Z

Assenagon Asset Management S.A. boosted its position in Zillow Group, Inc. (NASDAQ:Z) by 228.4% in the 4th quarter, Holdings Channel reports. The firm owned 470,288 shares of the financial services provider’s stock after acquiring an additional 327,076 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Zillow Group were worth $32,083,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Zillow Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after buying an additional 71,336 shares in the last quarter. Capital World Investors boosted its position in Zillow Group by 7.8% during the third quarter. Capital World Investors now owns 10,635,008 shares of the financial services provider’s stock worth $819,427,000 after acquiring an additional 769,944 shares during the last quarter. Ninety One UK Ltd boosted its position in Zillow Group by 2.0% during the third quarter. Ninety One UK Ltd now owns 4,825,287 shares of the financial services provider’s stock worth $371,788,000 after acquiring an additional 93,339 shares during the last quarter. Eminence Capital LP grew its stake in Zillow Group by 63.6% during the 2nd quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock valued at $278,710,000 after acquiring an additional 1,546,577 shares in the last quarter. Finally, Dorsal Capital Management LP grew its stake in Zillow Group by 9.4% during the 3rd quarter. Dorsal Capital Management LP now owns 2,681,250 shares of the financial services provider’s stock valued at $206,590,000 after acquiring an additional 231,250 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

Z has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their target price on shares of Zillow Group from $80.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, February 9th. Barclays upgraded Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, January 21st. Zelman & Associates upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $90.60.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,361 shares of Zillow Group stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the sale, the insider owned 41,080 shares in the company, valued at $1,805,466. The trade was a 11.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeremy Wacksman sold 13,661 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total value of $604,499.25. Following the completion of the transaction, the chief executive officer directly owned 116,322 shares in the company, valued at approximately $5,147,248.50. This trade represents a 10.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 60,801 shares of company stock valued at $2,683,986 in the last ninety days. 25.03% of the stock is currently owned by corporate insiders.

Zillow Group Price Performance

Shares of Z stock opened at $43.60 on Thursday. The firm’s 50-day moving average is $51.64 and its two-hundred day moving average is $66.26. Zillow Group, Inc. has a 12 month low of $41.13 and a 12 month high of $93.88. The company has a market capitalization of $10.46 billion, a PE ratio of 484.50, a price-to-earnings-growth ratio of 2.53 and a beta of 2.10.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $654.00 million during 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%. Sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

About Zillow Group

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.