Dimensional Fund Advisors LP Boosts Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Dimensional Fund Advisors LP raised its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,423,257 shares of the financial services provider's stock after purchasing an additional 139,489 shares during the period. Dimensional Fund Advisors LP owned 0.60% of Zillow Group worth $66,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Natixis bought a new position in shares of Zillow Group during the first quarter worth approximately $41,129,000. Greencape Capital Pty Ltd grew its holdings in Zillow Group by 93.0% in the 1st quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider's stock valued at $79,647,000 after buying an additional 786,600 shares in the last quarter. Coronation Fund Managers Ltd. grew its holdings in 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 valued at $40,115,000 after buying an additional 609,575 shares in the last quarter. Norges Bank bought a new position in Zillow Group during the 4th quarter worth $34,718,000. Finally, Capital World Investors lifted its holdings in shares of Zillow Group by 2.8% during the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider's stock worth $431,519,000 after buying an additional 238,554 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Zillow Group Trading Down 0.1 %

Z traded down $0.05 during trading on Friday, reaching $65.48. 1,776,840 shares of the company's stock were exchanged, compared to its average volume of 3,858,251. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a one year low of $33.80 and a one year high of $68.73. The firm has a fifty day moving average price of $54.88 and a two-hundred day moving average price of $48.91. The stock has a market capitalization of $15.47 billion, a PE ratio of -94.90 and a beta of 1.94.

Zillow Group (NASDAQ:Z - Get Free Report) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping 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 firm had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. As a group, equities research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 4,050 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares of the company's stock, valued at approximately $3,923,335.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zillow Group news, insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total value of $159,061.38. Following the completion of the sale, the insider now directly owns 70,342 shares of the company's stock, valued at $3,740,787.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares in the company, valued at approximately $3,923,335.62. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock valued at $11,780,363 over the last quarter. Insiders own 23.76% of the company's stock.

Zillow Group Company 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.