Creative Planning Boosts Holdings in Zillow Group, Inc. (NASDAQ:Z)

Creative Planning grew its position in Zillow Group, Inc. (NASDAQ:Z) by 29.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,581 shares of the financial services provider’s stock after purchasing an additional 4,217 shares during the period. Creative Planning’s holdings in Zillow Group were worth $862,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew 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 during the last quarter. Capital World Investors grew 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 valued at $431,519,000 after buying an additional 238,554 shares during the last quarter. Dorsal Capital Management LP grew its holdings in shares of Zillow Group by 59.8% during the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after buying an additional 1,160,000 shares during the last quarter. Greencape Capital Pty Ltd increased its position in shares of 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 acquiring an additional 786,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Zillow Group by 10.9% in 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 owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction on 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 sale, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dan Spaulding sold 2,991 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total value of $159,061.38. Following the transaction, the insider now owns 70,342 shares in the company, valued at $3,740,787.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 directly owns 5,652 shares in the company, valued at $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,999 shares of company stock valued at $11,780,363. 23.76% of the stock is owned by company insiders.

Zillow Group Price Performance

NASDAQ:Z opened at $62.75 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The company has a 50 day moving average price of $57.68 and a 200-day moving average price of $49.70. Zillow Group, Inc. has a 1-year low of $33.80 and a 1-year high of $68.73. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of -102.87 and a beta of 1.95.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The company had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $539.74 million. Equities research analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on Z. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Morgan Stanley increased their price target on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $67.20.

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.