Amova Asset Management Americas Inc. Sells 143,939 Shares of Zillow Group, Inc. $Z

Amova Asset Management Americas Inc. cut its position in Zillow Group, Inc. (NASDAQ:Z) by 34.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 271,278 shares of the financial services provider’s stock after selling 143,939 shares during the period. Amova Asset Management Americas Inc.’s holdings in Zillow Group were worth $11,225,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of Zillow Group by 228.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 470,288 shares of the financial services provider’s stock valued at $32,083,000 after buying an additional 327,076 shares during the period. Baillie Gifford & Co. raised its stake in Zillow Group by 11.4% during the 4th quarter. Baillie Gifford & Co. now owns 739,270 shares of the financial services provider’s stock worth $50,433,000 after buying an additional 75,682 shares during the period. SG Americas Securities LLC raised its stake in Zillow Group by 472.1% during the 4th quarter. SG Americas Securities LLC now owns 245,205 shares of the financial services provider’s stock worth $16,728,000 after buying an additional 202,343 shares during the period. IFP Advisors Inc lifted its holdings in Zillow Group by 17,458.4% during the fourth quarter. IFP Advisors Inc now owns 73,921 shares of the financial services provider’s stock worth $5,043,000 after acquiring an additional 73,500 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Zillow Group by 76.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 411,197 shares of the financial services provider’s stock worth $28,052,000 after acquiring an additional 178,118 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Insider Transactions at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 5,501 shares of Zillow Group stock in a transaction on Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $205,737.40. Following the sale, the chief financial officer directly owned 68,315 shares in the company, valued at approximately $2,554,981. The trade was a 7.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $37.23, for a total value of $125,241.72. Following the completion of the transaction, the general counsel owned 65,245 shares of the company’s stock, valued at $2,429,071.35. The trade was a 4.90% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 42,910 shares of company stock worth $1,605,732. 23.76% of the stock is owned by insiders.

Zillow Group Price Performance

Z opened at $33.03 on Tuesday. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 132.12, a P/E/G ratio of 1.45 and a beta of 1.98. The business’s 50-day moving average price is $34.03 and its two-hundred day moving average price is $44.77. Zillow Group, Inc. has a 1 year low of $29.23 and a 1 year high of $93.88.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $705.10 million. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on Zillow Group from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Royal Bank Of Canada lowered their target price on Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, June 10th. UBS Group dropped their target price 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. Wall Street Zen raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.38.

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.