Robeco Institutional Asset Management B.V. Decreases Holdings in Zillow Group, Inc. $Z

Robeco Institutional Asset Management B.V. trimmed its holdings in Zillow Group, Inc. (NASDAQ:Z) by 19.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 233,079 shares of the financial services provider’s stock after selling 56,751 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.10% of Zillow Group worth $17,959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eminence Capital LP lifted its stake in Zillow Group by 63.6% in the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after purchasing an additional 1,546,577 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of Zillow Group in the 2nd quarter valued at about $57,021,000. Ninety One UK Ltd boosted its holdings in Zillow Group by 17.4% during the 2nd quarter. Ninety One UK Ltd now owns 4,731,948 shares of the financial services provider’s stock valued at $331,473,000 after acquiring an additional 702,445 shares during the period. Norges Bank bought a new position in Zillow Group during the 2nd quarter worth approximately $29,174,000. Finally, Vanguard Group Inc. grew its position in Zillow Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 23,002,526 shares of the financial services provider’s stock worth $1,611,327,000 after acquiring an additional 412,571 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Up 2.6%

Shares of NASDAQ:Z opened at $69.95 on Friday. The company has a market cap of $16.93 billion, a price-to-earnings ratio of -499.61, a PEG ratio of 3.78 and a beta of 2.07. Zillow Group, Inc. has a 12 month low of $57.51 and a 12 month high of $93.88. The company has a 50-day moving average price of $71.13 and a 200 day moving average price of $76.29.

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

Analyst Upgrades and Downgrades

Z has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Gordon Haskett raised shares of Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. Keefe, Bruyette & Woods cut their price target on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Monday, November 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. Finally, Oppenheimer assumed coverage on shares of Zillow Group in a report on Monday, October 6th. They set a “market perform” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.14.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 10,855 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $69.99, for a total value of $759,741.45. Following the completion of the sale, the chief executive officer owned 134,712 shares of the company’s stock, valued at $9,428,492.88. This trade represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 7,865 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $69.53, for a total value of $546,853.45. Following the transaction, the chief financial officer owned 70,811 shares of the company’s stock, valued at $4,923,488.83. This trade represents a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 67,511 shares of company stock valued at $4,766,357. Insiders own 25.03% of the company’s stock.

About Zillow Group

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.