Zillow Group, Inc. $Z Stock Holdings Increased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 114.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 99,833 shares of the financial services provider’s stock after acquiring an additional 53,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Zillow Group were worth $4,131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group during the fourth quarter valued at about $28,000. Flagship Harbor Advisors LLC bought a new position in Zillow Group in the 4th quarter valued at about $43,000. IFC & Insurance Marketing Inc. bought a new position in Zillow Group in the 4th quarter valued at about $68,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in Zillow Group during the 4th quarter valued at about $71,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Zillow Group by 34.5% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,170 shares of the financial services provider’s stock valued at $80,000 after buying an additional 300 shares during the period. Institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Down 1.4%

Z opened at $32.96 on Tuesday. The firm has a market cap of $7.54 billion, a PE ratio of 131.84, a P/E/G ratio of 1.43 and a beta of 1.98. The business has a fifty day simple moving average of $36.18 and a 200-day simple moving average of $47.31. Zillow Group, Inc. has a fifty-two week low of $29.23 and a fifty-two week high of $93.88.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The company had revenue of $708.00 million for the quarter, compared to analyst estimates of $705.10 million. On average, equities research analysts anticipate that Zillow Group, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity at Zillow Group

In other news, Director Erik C. Blachford sold 791 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $34.80, for a total transaction of $27,526.80. Following the sale, the director owned 34,952 shares in the company, valued at $1,216,329.60. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeremy Wacksman sold 9,072 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $36.54, for a total transaction of $331,490.88. Following the sale, the chief executive officer owned 153,699 shares in the company, valued at $5,616,161.46. This represents a 5.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 42,910 shares of company stock valued at $1,605,732. Corporate insiders own 23.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on Z. Royal Bank Of Canada reduced their price target on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, June 10th. Zacks Research lowered shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. dropped their target price on Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods dropped their price objective on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.00.

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.