Fox Run Management L.L.C. Invests $1.71 Million in Zillow Group, Inc. $Z

by · The Cerbat Gem

Fox Run Management L.L.C. acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,049 shares of the financial services provider’s stock, valued at approximately $1,709,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Zillow Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 23,073,862 shares of the financial services provider’s stock worth $1,777,841,000 after buying an additional 71,336 shares during the period. Capital World Investors raised its holdings in Zillow Group by 1.8% during the fourth quarter. Capital World Investors now owns 10,826,066 shares of the financial services provider’s stock worth $738,554,000 after acquiring an additional 191,058 shares in the last quarter. Geode Capital Management LLC raised its holdings in Zillow Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,363,657 shares of the financial services provider’s stock worth $228,898,000 after acquiring an additional 55,323 shares in the last quarter. Greencape Capital Pty Ltd raised its holdings in Zillow Group by 30.4% during the fourth quarter. Greencape Capital Pty Ltd now owns 2,722,911 shares of the financial services provider’s stock worth $185,757,000 after acquiring an additional 634,510 shares in the last quarter. Finally, Dorsal Capital Management LP raised its holdings in Zillow Group by 9.4% during the third quarter. Dorsal Capital Management LP now owns 2,681,250 shares of the financial services provider’s stock worth $206,590,000 after acquiring an additional 231,250 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Z opened at $34.79 on Tuesday. Zillow Group, Inc. has a 52-week low of $34.16 and a 52-week high of $93.88. The firm has a market capitalization of $7.96 billion, a PE ratio of 139.16, a PEG ratio of 1.50 and a beta of 1.97. The business’s 50-day simple moving average is $40.28 and its 200 day simple moving average is $53.05.

Zillow Group (NASDAQ:Z – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.10. The firm had revenue of $708.00 million for the quarter, compared to analyst estimates of $705.10 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%. On average, research analysts forecast that Zillow Group, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on Z. Weiss Ratings lowered Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. dropped their target price on Zillow Group from $84.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 11th. 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 report on Friday, May 8th. Finally, Zacks Research lowered Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Read Our Latest Report on Zillow Group

Insider Transactions at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 5,501 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $205,737.40. Following the sale, the chief financial officer owned 68,315 shares in the company, valued at $2,554,981. This represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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. Also, insider Dan Spaulding sold 3,078 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were 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 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 ninety days, insiders have sold 42,119 shares of company stock valued at $1,578,206. Company insiders own 23.76% of the company’s stock.

Zillow Group Company Profile

(Free Report)

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.

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