Intech Investment Management LLC Buys 17,588 Shares of Zillow Group, Inc. $Z

Intech Investment Management LLC grew its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 157.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,756 shares of the financial services provider’s stock after acquiring an additional 17,588 shares during the period. Intech Investment Management LLC’s holdings in Zillow Group were worth $1,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Zillow Group during the 4th quarter valued at approximately $28,000. Flagship Harbor Advisors LLC bought a new position in shares of Zillow Group during the 4th quarter valued at approximately $43,000. Clearstead Advisors LLC grew its position in shares of Zillow Group by 4,119.0% during the 3rd quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 865 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $88,000. Finally, GAMMA Investing LLC grew its position in shares of Zillow Group by 21.4% during the 4th quarter. GAMMA Investing LLC now owns 1,186 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 209 shares during the period. 71.01% of the stock is owned by institutional investors.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $35.51 on Thursday. The firm has a fifty day moving average price of $40.78 and a two-hundred day moving average price of $53.74. Zillow Group, Inc. has a one year low of $34.37 and a one year high of $93.88. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 142.04, a PEG ratio of 1.55 and a beta of 1.97.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.10. The firm had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $705.10 million. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. Equities research analysts expect that Zillow Group, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on Z. UBS Group reduced their target price on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Weiss Ratings downgraded shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Wall Street Zen raised shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zelman & Associates raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Insider Activity

In other news, CFO Jeremy Hofmann sold 5,501 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $205,737.40. Following 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed 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, insider Errol G. Samuelson sold 2,939 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $37.97, for a total transaction of $111,593.83. Following the sale, the insider owned 134,039 shares in the company, valued at approximately $5,089,460.83. This trade represents a 2.15% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 42,119 shares of company stock worth $1,578,206. Corporate insiders own 25.03% of the company’s stock.

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.