Stevens Capital Management LP Acquires Shares of 10,310 Zillow Group Inc (Z)

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Stevens Capital Management LP acquired a new position in shares of Zillow Group Inc (NASDAQ:Z) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 10,310 shares of the financial services provider’s stock, valued at approximately $358,000.

Several other hedge funds and other institutional investors also recently modified their holdings of Z. Mckinley Capital Management LLC Delaware bought a new position in shares of Zillow Group in the fourth quarter worth $28,000. IFP Advisors Inc increased its position in shares of Zillow Group by 522.9% in the fourth quarter. IFP Advisors Inc now owns 1,059 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 889 shares during the period. Benjamin F. Edwards & Company Inc. bought a new position in shares of Zillow Group in the fourth quarter worth $44,000. Advisor Group Inc. increased its position in shares of Zillow Group by 30.1% in the fourth quarter. Advisor Group Inc. now owns 1,447 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 335 shares during the period. Finally, Strs Ohio increased its position in shares of Zillow Group by 33.6% in the first quarter. Strs Ohio now owns 1,662 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 418 shares during the period. Institutional investors own 67.19% of the company’s stock.

Shares of Z stock opened at $40.25 on Friday. Zillow Group Inc has a 12 month low of $26.38 and a 12 month high of $65.70. The company has a quick ratio of 3.98, a current ratio of 4.73 and a debt-to-equity ratio of 0.25.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.14). Zillow Group had a negative net margin of 11.35% and a negative return on equity of 3.18%. The firm had revenue of $454.10 million for the quarter.

Z has been the topic of several research analyst reports. BidaskClub raised Zillow Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America raised their price objective on Zillow Group from $31.00 to $35.00 and gave the company an “underperform” rating in a research note on Friday, May 10th. Finally, Cowen raised Zillow Group from a “market perform” rating to an “outperform” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Zillow Group presently has an average rating of “Hold” and an average price target of $39.41.

In related news, insider Arik Prawer sold 18,546 shares of Zillow Group stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $42.00, for a total value of $778,932.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 4,406 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $37.64, for a total value of $165,841.84. Following the completion of the transaction, the chief accounting officer now directly owns 40,873 shares in the company, valued at $1,538,459.72. The disclosure for this sale can be found here. Insiders have sold 50,242 shares of company stock worth $2,075,980 over the last three months. Insiders own 19.87% of the company’s stock.

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About Zillow Group

Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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