Coronation Fund Managers Ltd. Lowers Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Coronation Fund Managers Ltd. cut its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 19.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,094 shares of the financial services provider's stock after selling 53,314 shares during the quarter. Coronation Fund Managers Ltd. owned 0.09% of Zillow Group worth $14,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in Z. Vanguard Group Inc. increased its position in Zillow Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider's stock worth $1,039,676,000 after purchasing an additional 176,449 shares in the last quarter. Capital World Investors increased its position in Zillow Group by 2.8% during the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider's stock worth $431,519,000 after purchasing an additional 238,554 shares in the last quarter. Dorsal Capital Management LP increased its position in Zillow Group by 59.8% during the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider's stock worth $143,809,000 after purchasing an additional 1,160,000 shares in the last quarter. Greencape Capital Pty Ltd increased its position in Zillow Group by 93.0% during the 1st quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider's stock worth $79,647,000 after purchasing an additional 786,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Zillow Group by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider's stock worth $66,032,000 after acquiring an additional 139,489 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Down 0.5 %

Z traded down $0.29 during trading on Friday, hitting $59.80. 2,766,631 shares of the company's stock were exchanged, compared to its average volume of 2,871,574. 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 business's 50 day moving average is $60.65 and its two-hundred day moving average is $51.21. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $68.73. The stock has a market cap of $13.84 billion, a P/E ratio of -98.03 and a beta of 1.95.

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, beating the consensus estimate of ($0.19) by $0.13. The company had revenue of $572.00 million during the quarter, compared to the consensus estimate of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. As a group, equities analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now owns 5,652 shares of the company's stock, valued at $379,983.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 221,999 shares of company stock worth $11,780,363. 23.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Z has been the topic of a number of research reports. UBS Group raised shares of Zillow Group to a "strong-buy" rating in a report on Thursday, August 8th. Craig Hallum raised shares of Zillow Group to a "strong-buy" rating in a report on Thursday, August 8th. Cantor Fitzgerald raised shares of Zillow Group to a "hold" rating in a report on Thursday, September 5th. Wedbush raised shares of Zillow Group from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Zillow Group has an average rating of "Moderate Buy" and an average price target of $70.33.

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.