Valiant Capital Management L.P. Decreases Holdings in Zillow Group, Inc. (Z)

Valiant Capital Management L.P. lowered its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 29.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,050,456 shares of the financial services provider’s stock after selling 440,300 shares during the period. Zillow Group comprises about 3.3% of Valiant Capital Management L.P.’s investment portfolio, making the stock its 9th biggest holding. Valiant Capital Management L.P. owned 0.58% of Zillow Group worth $42,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Tybourne Capital Management HK Ltd. lifted its stake in shares of Zillow Group by 53.5% in the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 3,575,189 shares of the financial services provider’s stock valued at $175,220,000 after purchasing an additional 1,246,189 shares during the last quarter. Caledonia Private Investments Pty Ltd lifted its stake in shares of Zillow Group by 3.0% in the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 26,741,104 shares of the financial services provider’s stock valued at $1,306,036,000 after purchasing an additional 781,207 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Zillow Group by 5,641.9% in the 2nd quarter. Janus Henderson Group PLC now owns 597,159 shares of the financial services provider’s stock valued at $29,267,000 after purchasing an additional 586,759 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Zillow Group by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 8,449,585 shares of the financial services provider’s stock valued at $414,114,000 after purchasing an additional 179,802 shares during the last quarter. Finally, AXA acquired a new stake in shares of Zillow Group in the 2nd quarter valued at $8,407,000. 86.13% of the stock is owned by institutional investors.



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In other news, CEO Spencer M. Rascoff sold 20,941 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $39.39, for a total transaction of $824,865.99. Following the completion of the sale, the chief executive officer now owns 6,614 shares of the company’s stock, valued at $260,525.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Greg M. Schwartz sold 16,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $39.20, for a total transaction of $627,200.00. Following the sale, the insider now directly owns 28,934 shares of the company’s stock, valued at approximately $1,134,212.80. The disclosure for this sale can be found here. Insiders sold 526,275 shares of company stock valued at $21,066,714 in the last ninety days. Insiders own 21.72% of the company’s stock.

Shares of Zillow Group, Inc. (NASDAQ:Z) traded up $0.42 during midday trading on Wednesday, reaching $41.36. 1,153,400 shares of the company traded hands, compared to its average volume of 1,374,422. Zillow Group, Inc. has a fifty-two week low of $32.56 and a fifty-two week high of $51.23. The company has a current ratio of 6.44, a quick ratio of 6.44 and a debt-to-equity ratio of 0.14.

A number of research analysts have weighed in on Z shares. Deutsche Bank AG boosted their target price on shares of Zillow Group to $50.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. BidaskClub downgraded shares of Zillow Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Benchmark Co. restated a “buy” rating and set a $55.00 price objective on shares of Zillow Group in a report on Thursday, October 5th. Finally, Canaccord Genuity boosted their price objective on shares of Zillow Group from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $47.44.

Zillow Group Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

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

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