Dimensional Fund Advisors LP Grows Position in Zillow Group, Inc. (NASDAQ:Z)

Dimensional Fund Advisors LP lifted its holdings in Zillow Group, Inc. (NASDAQ:Z) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,423,257 shares of the financial services provider’s stock after acquiring an additional 139,489 shares during the period. Dimensional Fund Advisors LP owned approximately 0.60% of Zillow Group worth $66,032,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Zillow Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after purchasing an additional 176,449 shares in the last quarter. Capital World Investors raised its position in Zillow Group by 2.8% in the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock worth $431,519,000 after acquiring an additional 238,554 shares in the last quarter. Greencape Capital Pty Ltd grew its position in Zillow Group by 93.0% in the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock worth $79,647,000 after buying an additional 786,600 shares during the last quarter. Coronation Fund Managers Ltd. grew its holdings in shares of Zillow Group by 238.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock worth $40,115,000 after acquiring an additional 609,575 shares during the last quarter. Finally, Natixis acquired a new position in shares of Zillow Group in the first quarter worth about $41,129,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on Z. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. UBS Group upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.20.

Zillow Group Price Performance

Shares of Z opened at $65.48 on Friday. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $68.73. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market cap of $15.47 billion, a PE ratio of -94.90 and a beta of 1.94. The business has a 50-day simple moving average of $54.88 and a two-hundred day simple moving average of $48.91.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. Analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 752 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total transaction of $39,953.76. Following the completion of the sale, the general counsel now directly owns 35,259 shares of the company’s stock, valued at $1,873,310.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the sale, the chairman now owns 582 shares of the company’s stock, valued at $29,583.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Bradley D. Owens sold 752 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total value of $39,953.76. Following the sale, the general counsel now owns 35,259 shares in the company, valued at approximately $1,873,310.67. The disclosure for this sale can be found here. Insiders sold a total of 221,999 shares of company stock valued at $11,780,363 over the last ninety days. 23.76% of the stock is currently owned by insiders.

Zillow Group Profile

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.