Zillow Group, Inc. (NASDAQ:Z) is IVY Lane Capital Management LLC’s 5th Largest Position

IVY Lane Capital Management LLC raised its stake in Zillow Group, Inc. (NASDAQ:Z) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 235,000 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the quarter. Zillow Group makes up 8.7% of IVY Lane Capital Management LLC’s holdings, making the stock its 5th largest position. IVY Lane Capital Management LLC’s holdings in Zillow Group were worth $13,597,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in shares of Zillow Group during the 4th quarter worth about $9,983,000. FMR LLC lifted its position in shares of Zillow Group by 203.1% during the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock worth $159,285,000 after purchasing an additional 2,312,241 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Zillow Group by 35.4% during the 3rd quarter. Hsbc Holdings PLC now owns 261,547 shares of the financial services provider’s stock worth $12,103,000 after purchasing an additional 68,357 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Zillow Group by 29.4% during the 4th quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock worth $109,898,000 after purchasing an additional 431,070 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Zillow Group during the third quarter valued at about $2,864,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Price Performance

NASDAQ Z traded up $0.72 during trading hours on Friday, reaching $43.67. 3,002,331 shares of the company’s stock were exchanged, compared to its average volume of 3,013,363. The firm has a fifty day moving average of $49.76 and a 200-day moving average of $48.93. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $61.13. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10.20 billion, a PE ratio of -64.22 and a beta of 1.75.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The firm had revenue of $474.00 million for the quarter, compared to the consensus estimate of $450.75 million. On average, equities research analysts predict that Zillow Group, Inc. will post -0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, insider Dan Spaulding sold 5,114 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.45, for a total transaction of $283,571.30. Following the transaction, the insider now owns 43,180 shares of the company’s stock, valued at approximately $2,394,331. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Dan Spaulding sold 5,114 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.45, for a total value of $283,571.30. Following the transaction, the insider now owns 43,180 shares of the company’s stock, valued at approximately $2,394,331. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total value of $56,037.66. Following the completion of the transaction, the general counsel now directly owns 17,181 shares in the company, valued at approximately $996,669.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,289 shares of company stock valued at $9,642,508. 23.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on Z shares. Jefferies Financial Group boosted their price target on Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. upped their price objective on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.75.

About Zillow Group

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.