Scientech Research LLC Invests $315,000 in Zillow Group, Inc. (NASDAQ:Z)

Scientech Research LLC bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the second quarter, Holdings Channel reports. The firm bought 6,796 shares of the financial services provider’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dorsal Capital Management LP boosted its position in shares of Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after buying an additional 1,160,000 shares during the period. Natixis purchased a new position in Zillow Group in the 1st quarter worth approximately $41,129,000. 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 valued at $79,647,000 after acquiring an additional 786,600 shares in the last quarter. Coronation Fund Managers Ltd. raised its stake in shares of Zillow Group by 238.9% during the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after purchasing an additional 609,575 shares during the period. Finally, Capital World Investors lifted its position 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 purchasing an additional 238,554 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the topic of a number of recent analyst reports. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Finally, Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.20.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 4,050 shares of the company’s 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 of the company’s stock, valued at approximately $3,923,335.62. The disclosure for this sale can be found here. Insiders sold a total of 221,999 shares of company stock worth $11,780,363 in the last three months. 23.76% of the stock is owned by insiders.

Zillow Group Trading Down 2.5 %

Zillow Group stock opened at $63.85 on Tuesday. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $68.73. The firm’s 50-day moving average is $55.12 and its 200-day moving average is $48.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market cap of $15.08 billion, a P/E ratio of -92.54 and a beta of 1.94.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 2.50% and a negative net margin of 6.81%. On average, equities analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

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.