Forum Financial Management LP Invests $261,000 in Zillow Group, Inc. (NASDAQ:Z)

Forum Financial Management LP acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,086 shares of the financial services provider’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of Z. Vanguard Group Inc. raised its holdings in shares of Zillow Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 21,313,573 shares of the financial services provider’s stock valued at $1,039,676,000 after acquiring an additional 176,449 shares in the last quarter. Capital World Investors raised its stake in Zillow Group by 2.8% in 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 purchasing an additional 238,554 shares in the last quarter. Dorsal Capital Management LP lifted its position in 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 purchasing an additional 1,160,000 shares during the last quarter. Greencape Capital Pty Ltd grew its stake 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 worth $79,647,000 after buying an additional 786,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 buying an additional 139,489 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Up 3.6 %

NASDAQ Z opened at $62.80 on Wednesday. The firm has a market capitalization of $14.53 billion, a PE ratio of -102.95 and a beta of 1.95. The stock’s 50 day moving average is $60.82 and its 200 day moving average is $51.55. Zillow Group, Inc. has a twelve month low of $35.44 and a twelve month high of $68.73. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data 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 net margin of 6.81% and a negative return on equity of 2.50%. The business had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. Research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the sale, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction dated 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 transaction, the director now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 221,999 shares of company stock valued at $11,780,363. 23.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on Z. Deutsche Bank Aktiengesellschaft raised their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Bank of America lifted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research report 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

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.