Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,036 shares of the financial services provider’s stock after purchasing an additional 800 shares during the period. Daiwa Securities Group Inc.’s holdings in Zillow Group were worth $490,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ninety One UK Ltd boosted its holdings in shares of Zillow Group by 29.4% in the 4th quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock valued at $109,898,000 after buying an additional 431,070 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Zillow Group by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,475,559 shares of the financial services provider’s stock worth $85,376,000 after buying an additional 80,529 shares during the period. Assenagon Asset Management S.A. lifted its stake in Zillow Group by 7,507.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,133,685 shares of the financial services provider’s stock valued at $55,301,000 after buying an additional 1,118,782 shares during the last quarter. Greencape Capital Pty Ltd boosted its holdings in shares of Zillow Group by 70.0% in the fourth quarter. Greencape Capital Pty Ltd now owns 846,190 shares of the financial services provider’s stock valued at $48,961,000 after acquiring an additional 348,354 shares during the period. Finally, Minot Capital LP increased its holdings in shares of Zillow Group by 15.5% in the 4th quarter. Minot Capital LP now owns 828,566 shares of the financial services provider’s stock valued at $47,941,000 after acquiring an additional 111,400 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Up 4.3 %

NASDAQ:Z opened at $49.40 on Friday. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $61.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. The company’s 50-day moving average is $44.35 and its two-hundred day moving average is $49.38.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). The business had revenue of $529.00 million for the quarter, compared to analysts’ expectations of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. During the same period in the prior year, the company earned ($0.06) EPS. Research analysts expect that Zillow Group, Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wedbush lowered their target price on Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.20.

Insider Buying and Selling at Zillow Group

In other news, insider Susan Daimler sold 5,786 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $44.22, for a total value of $255,856.92. Following the transaction, the insider now owns 35,572 shares of the company’s stock, valued at approximately $1,572,993.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Jay C. Hoag bought 1,000,000 shares of Zillow Group stock in a transaction dated Friday, June 7th. The shares were acquired at an average cost of $42.27 per share, with a total value of $42,270,000.00. Following the completion of the transaction, the director now owns 652,520 shares in the company, valued at approximately $27,582,020.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Daimler sold 5,786 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $44.22, for a total transaction of $255,856.92. Following the completion of the transaction, the insider now owns 35,572 shares of the company’s stock, valued at $1,572,993.84. The disclosure for this sale can be found here. Insiders have sold a total of 60,041 shares of company stock worth $2,637,477 in the last quarter. 23.76% of the stock is owned by insiders.

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.