Amova Asset Management Americas Inc. Cuts Position in Zillow Group, Inc. $Z

Amova Asset Management Americas Inc. trimmed its stake in Zillow Group, Inc. (NASDAQ:Z) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 415,217 shares of the financial services provider’s stock after selling 39,741 shares during the period. Amova Asset Management Americas Inc.’s holdings in Zillow Group were worth $28,326,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in Z. Vanguard Group Inc. grew its stake in Zillow Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after purchasing an additional 71,336 shares during the last quarter. Capital World Investors lifted its position in shares of Zillow Group by 1.8% during the fourth quarter. Capital World Investors now owns 10,826,066 shares of the financial services provider’s stock valued at $738,554,000 after buying an additional 191,058 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Zillow Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,363,657 shares of the financial services provider’s stock valued at $228,898,000 after buying an additional 55,323 shares during the last quarter. Greencape Capital Pty Ltd boosted its holdings in shares of Zillow Group by 30.4% in the 4th quarter. Greencape Capital Pty Ltd now owns 2,722,911 shares of the financial services provider’s stock valued at $185,757,000 after buying an additional 634,510 shares in the last quarter. Finally, Dorsal Capital Management LP boosted its holdings in shares of Zillow Group by 9.4% in 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 buying an additional 231,250 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 3,078 shares of Zillow Group stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $115,117.20. Following the completion of the sale, the insider directly owned 49,696 shares in the company, valued at approximately $1,858,630.40. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Bradley D. Owens sold 3,364 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $37.23, for a total transaction of $125,241.72. Following the completion of the sale, the general counsel directly owned 65,245 shares in the company, valued at $2,429,071.35. This trade represents a 4.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 42,910 shares of company stock valued at $1,605,732 over the last quarter. Company insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Shares of Z opened at $35.45 on Wednesday. The stock has a 50-day moving average of $40.18 and a two-hundred day moving average of $52.81. The stock has a market cap of $8.11 billion, a P/E ratio of 141.80, a P/E/G ratio of 1.49 and a beta of 1.97. Zillow Group, Inc. has a one year low of $34.16 and a one year high of $93.88.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.10 million. Analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. UBS Group cut their price target on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Weiss Ratings lowered Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Finally, Keefe, Bruyette & Woods lowered their price objective on Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

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.