Zillow Group, Inc. $Z Stock Holdings Reduced by Yost Capital Management LP

Yost Capital Management LP decreased its position in Zillow Group, Inc. (NASDAQ:Z) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,400 shares of the financial services provider’s stock after selling 30,000 shares during the period. Zillow Group comprises approximately 4.7% of Yost Capital Management LP’s portfolio, making the stock its 9th biggest holding. Yost Capital Management LP’s holdings in Zillow Group were worth $3,234,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Zillow Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock valued at $1,777,841,000 after purchasing an additional 71,336 shares during the last quarter. Capital World Investors lifted its stake in Zillow Group by 1.8% in the fourth quarter. Capital World Investors now owns 10,826,066 shares of the financial services provider’s stock valued at $738,554,000 after purchasing an additional 191,058 shares during the last quarter. State Street Corp lifted its stake in Zillow Group by 3.9% in the fourth quarter. State Street Corp now owns 3,838,788 shares of the financial services provider’s stock valued at $261,882,000 after purchasing an additional 143,726 shares during the last quarter. Geode Capital Management LLC lifted its stake in Zillow Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,363,657 shares of the financial services provider’s stock valued at $228,898,000 after purchasing an additional 55,323 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Zillow Group by 43.9% in the fourth quarter. Morgan Stanley now owns 3,197,447 shares of the financial services provider’s stock valued at $218,130,000 after purchasing an additional 976,151 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Price Performance

NASDAQ:Z opened at $32.03 on Monday. The company has a market cap of $7.33 billion, a P/E ratio of 128.12, a P/E/G ratio of 1.37 and a beta of 1.97. The stock’s fifty day moving average price is $39.70 and its two-hundred day moving average price is $52.03. Zillow Group, Inc. has a 1 year low of $31.49 and a 1 year high of $93.88.

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

Insider Activity

In related news, Director Erik C. Blachford sold 791 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $34.80, for a total value of $27,526.80. Following the sale, the director owned 34,952 shares in the company, valued at approximately $1,216,329.60. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dan Spaulding sold 3,078 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the sale, the insider owned 49,696 shares in the company, valued at $1,858,630.40. This trade represents a 5.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last quarter, insiders have sold 42,910 shares of company stock valued at $1,605,732. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Z has been the topic of several research analyst reports. UBS Group dropped their price objective on Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Keefe, Bruyette & Woods dropped their target price on Zillow Group from $60.00 to $50.00 and set a “market perform” rating on the stock in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Weiss Ratings downgraded Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $76.00.

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.