Rockefeller Capital Management L.P. Purchases 15,215 Shares of Zillow Group, Inc. $ZG

Rockefeller Capital Management L.P. increased its position in Zillow Group, Inc. (NASDAQ:ZG) by 4,488.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,554 shares of the technology company’s stock after acquiring an additional 15,215 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Zillow Group were worth $1,061,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Zillow Group during the fourth quarter worth about $152,050,000. M&T Bank Corp increased its holdings in Zillow Group by 38,344.0% during the 4th quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after acquiring an additional 1,600,097 shares during the period. UBS Group AG increased its holdings in shares of Zillow Group by 44.5% in the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock worth $69,489,000 after purchasing an additional 313,643 shares during the period. Tiger Global Management LLC raised its holdings in shares of Zillow Group by 30.7% in the 4th quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock valued at $69,849,000 after acquiring an additional 240,690 shares in the last quarter. Finally, Virtu Financial LLC raised its stake in Zillow Group by 271.9% in the third quarter. Virtu Financial LLC now owns 293,718 shares of the technology company’s stock valued at $21,864,000 after purchasing an additional 214,743 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $33.42 on Friday. Zillow Group, Inc. has a one year low of $29.03 and a one year high of $90.22. The stock has a market cap of $7.65 billion, a P/E ratio of 133.68, a P/E/G ratio of 1.40 and a beta of 1.95. The stock’s fifty day moving average is $36.89 and its 200 day moving average is $47.67.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.17 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. Analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays dropped their price target on Zillow Group from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Evercore reissued an “outperform” rating on shares of Zillow Group in a report on Tuesday, March 17th. Wells Fargo & Company reduced their target price on Zillow Group from $60.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. The Goldman Sachs Group lowered their price objective on Zillow Group from $53.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Finally, KeyCorp reduced their price objective on shares of Zillow Group from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Hold” and a consensus price target of $69.43.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 5,501 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $205,737.40. Following the completion of the sale, the chief financial officer owned 68,315 shares in the company, valued at approximately $2,554,981. This trade represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, insider Dan Spaulding sold 3,078 shares of the 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 sale, the insider directly owned 49,696 shares of the company’s stock, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders have sold 42,910 shares of company stock valued at $1,605,732. 29.88% of the stock is owned by corporate insiders.

Zillow Group Company Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.