Swiss National Bank grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,534 shares of the financial services provider’s stock after acquiring an additional 6,800 shares during the period. Swiss National Bank owned about 0.21% of Zillow Group worth $15,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of Z. JPMorgan Chase & Co. boosted its holdings in Zillow Group by 878.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,152 shares of the financial services provider’s stock worth $154,000 after buying an additional 2,830 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Zillow Group by 16.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 74,049 shares of the financial services provider’s stock worth $3,629,000 after buying an additional 10,630 shares during the period. Virtu KCG Holdings LLC bought a new position in Zillow Group in the 2nd quarter worth $206,000. Royal Bank of Canada lifted its stake in Zillow Group by 184.1% in the 2nd quarter. Royal Bank of Canada now owns 13,837 shares of the financial services provider’s stock worth $677,000 after purchasing an additional 8,966 shares in the last quarter. Finally, State Street Corp lifted its stake in Zillow Group by 0.5% in the 2nd quarter. State Street Corp now owns 1,891,347 shares of the financial services provider’s stock worth $92,696,000 after purchasing an additional 8,538 shares in the last quarter. 58.11% of the stock is owned by hedge funds and other institutional investors.
Zillow Group, Inc. (NASDAQ Z) opened at $46.85 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.11 and a current ratio of 7.11. Zillow Group, Inc. has a one year low of $32.56 and a one year high of $51.23.
Zillow Group (NASDAQ:Z) last announced its earnings results on Thursday, February 8th. The financial services provider reported $0.09 earnings per share for the quarter. The company had revenue of $282.33 million during the quarter. Zillow Group had a negative net margin of 8.77% and a positive return on equity of 0.03%.
In other Zillow Group news, CMO Jeremy Wacksman sold 22,500 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $42.31, for a total value of $951,975.00. Following the completion of the transaction, the chief marketing officer now owns 20,468 shares of the company’s stock, valued at $866,001.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Spencer M. Rascoff sold 58,050 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $41.51, for a total transaction of $2,409,655.50. Following the completion of the transaction, the chief executive officer now directly owns 70,050 shares of the company’s stock, valued at approximately $2,907,775.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 368,636 shares of company stock valued at $15,942,383. 21.72% of the stock is owned by insiders.
Several analysts have recently issued reports on the stock. Canaccord Genuity upped their target price on shares of Zillow Group from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Morgan Stanley upgraded shares of Zillow Group from an “equal weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Wednesday, January 10th. BidaskClub cut shares of Zillow Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 30th. Finally, Cowen restated a “hold” rating on shares of Zillow Group in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Zillow Group presently has a consensus rating of “Buy” and a consensus price target of $50.07.
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About Zillow Group
Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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