Valiant Capital Management L.P. Purchases 38,600 Shares of Zillow Group, Inc. $Z

Valiant Capital Management L.P. grew its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 451,750 shares of the financial services provider’s stock after purchasing an additional 38,600 shares during the period. Zillow Group comprises about 1.7% of Valiant Capital Management L.P.’s holdings, making the stock its 24th largest holding. Valiant Capital Management L.P. owned approximately 0.19% of Zillow Group worth $31,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of Z. TD Private Client Wealth LLC raised its holdings in shares of Zillow Group by 352.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock valued at $32,000 after buying an additional 352 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Zillow Group by 58.2% in the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after buying an additional 185 shares in the last quarter. National Pension Service grew its position in Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 247 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Zillow Group by 25.1% during the second quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 159 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Zillow Group by 46.0% during the 2nd quarter. GAMMA Investing LLC now owns 886 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 279 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on Z shares. Keefe, Bruyette & Woods decreased their price target on Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Gordon Haskett upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. upped their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Finally, Mizuho raised Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and an average price target of $91.14.

Zillow Group Stock Performance

Shares of NASDAQ:Z opened at $74.59 on Wednesday. The firm has a market capitalization of $18.05 billion, a P/E ratio of -532.75, a P/E/G ratio of 24.47 and a beta of 2.10. The stock has a 50 day moving average price of $73.10 and a 200-day moving average price of $76.31. Zillow Group, Inc. has a 52-week low of $57.51 and a 52-week high of $93.88.

Zillow Group (NASDAQ:Z) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $729.00 million for the quarter, compared to the consensus estimate of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. On average, equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 2,722 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total value of $183,490.02. Following the sale, the general counsel owned 37,974 shares in the company, valued at approximately $2,559,827.34. This represents a 6.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeremy Wacksman sold 10,855 shares of Zillow Group stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $69.99, for a total transaction of $759,741.45. Following the transaction, the chief executive officer owned 134,712 shares of the company’s stock, valued at $9,428,492.88. The trade was a 7.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 67,511 shares of company stock worth $4,766,357. 23.76% of the stock is owned by insiders.

Zillow Group Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.