Zillow Group, Inc. $Z Holdings Lifted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its stake in Zillow Group, Inc. (NASDAQ:Z) by 27,317.9% during the third quarter, HoldingsChannel reports. The fund owned 73,480 shares of the financial services provider’s stock after buying an additional 73,212 shares during the period. Fulcrum Asset Management LLP’s holdings in Zillow Group were worth $2,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Zillow Group by 444.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,052 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,675 shares during the last quarter. Heritage Family Offices LLP bought a new position in Zillow Group in the 3rd quarter worth about $45,000. Commonwealth Equity Services LLC grew its position in Zillow Group by 237.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,731 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 15,294 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Zillow Group during the 3rd quarter valued at about $213,000. Finally, Covestor Ltd grew its position in Zillow Group by 146.9% during the 3rd quarter. Covestor Ltd now owns 1,296 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 771 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $28.98 on Wednesday. The company has a market cap of $6.52 billion, a P/E ratio of -55.73, a PEG ratio of 2.03 and a beta of 1.98. Zillow Group, Inc. has a 1 year low of $26.67 and a 1 year high of $77.07. The stock’s fifty day moving average price is $30.59 and its 200-day moving average price is $37.89.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). Zillow Group had a negative net margin of 3.95% and a positive return on equity of 3.23%. The business had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $753.54 million. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.91 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 5,661 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $34.18, for a total transaction of $193,492.98. Following the sale, the chief financial officer owned 59,144 shares of the company’s stock, valued at $2,021,541.92. This trade represents a 8.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 Samuelson sold 3,154 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $34.24, for a total transaction of $107,992.96. Following the sale, the insider directly owned 130,885 shares in the company, valued at approximately $4,481,502.40. The trade was a 2.35% 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 ninety days, insiders have sold 37,352 shares of company stock worth $1,284,523. 23.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Z has been the subject of several recent analyst reports. Sanford C. Bernstein cut shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Evercore downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings cut shares of Zillow Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, November 5th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Zillow Group from $37.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group presently has a consensus rating of “Hold” and a consensus price target of $57.71.

Zillow Group Profile

Zillow Group, Inc. operates a collection of digital real estate brands, including Zillow, Trulia, StreetEasy and HotPads. Its platforms help consumers search for homes to buy or rent, explore neighborhoods and connect with real estate professionals. The company also offers services and tools for real estate agents, landlords and other industry participants, along with mortgage and home transaction services. Zillow’s Zestimate provides an estimate of a home’s value, while its rental products support apartment and home searches and connections between renters and property managers.