Capital Research & Management Co has recently announced that it has increased stake in Zillow Group Inc (NASDAQ:Z) by 16.63%. After grabbing 8.64 million shares, the institutional investor is now in possession of 1.23 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 5.03% having worth around $499.74 million. Moreover, Contour Asset Management LLC increased its share by 0.46 million to have a control over 3.47 million shares. And Dorsal Capital Management LLC raised its holdings to 1.77 million shares by acquiring 3.3 million shares or 1.92% of the stake.
Zillow Group Inc (Z) concluded trading on Thursday at a closing price of $55.09, with 3.09 million shares of worth about $170.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.68% during that period and on Thursday, January 25 the price saw a gain of about 1.38%. Currently the company’s common shares owned by public are about 170.56M shares, out of which, 153.80M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 95 times over the past 12 months. They bought 533,261 shares in 12 of the transactions. In 83 selling transactions, insiders dumped 305,002 shares.
Vanguard Real Estate Index Fund, American Funds Growth Fund of Ame, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Zillow Group Inc Vanguard Real Estate Index Fund is currently holding 6.15 million shares of worth totaling $356.03 million. The company recently came selling 60613.0 shares which brought its stake up to 3.58% of the company’s outstanding shares. American Funds Growth Fund of Ame bought 0.24 million shares, after which its hold over company’s outstanding shares expand to 3.01%, leaving 5.17 million shares with the mutual fund that have a worth of about $299.41 million. Vanguard Total Stock Market ETF, after buying 4.93 million shares, have now control over 2.87% of the stake in the company. It holds 5108.0 shares of worth $284.96 million.
However, the stock later moved at a day high price of 55.44, or with a gain of 1.38%. Stock saw a price change of 4.85% in past 5 days and over the past one month there was a price change of -6.29%. Year-to-date (YTD), Z shares are showing a performance of -4.79% which increased to 23.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $33.80 but also hit the highest price of $59.86 during that period. The average intraday trading volume for Zillow Group Inc shares is 4.10 million. The stock is currently trading -0.26% below its 20-day simple moving average (SMA20), while that difference is up 11.28% for SMA50 and it goes to 15.26% higher than SMA200.
Capital Research & Management Co acquired 8.64 million shares of Zillow Group Inc having value of about $499.74 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 1.23 million shares in the company valued at close to $67844987.7, or have control over 16.63% stake in the company. Zillow Group Inc (NASDAQ: Z) currently have 170.56M outstanding shares and institutions hold larger chunk of about 71.01% of that. Holding of mutual funds in the company is about 34.80% while other institutional holders and individual stake holders have control over 61.90% and 11.07% of the stake respectively.
The stock has a current market capitalization of $12.87B and its 3Y-monthly beta is at 1.80. It has posted earnings per share of -$0.67 in the same period. It has Quick Ratio of 3.84 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for Z, volatility over the week remained 3.67% while standing at 2.93% over the month.
Analysts are in expectations that Zillow Group Inc (Z) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $0.32 and it is $1.48 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -21.90% while it is estimated to increase by 18.63% in next year. EPS is likely to grow at an annualized rate of 6.20% for next 5-years, compared to annual growth of 3.81% made by the stock over the past 5-years.
