Zillow (Z) Stake Lessened by Bamco Inc. NY

Bamco Inc. NY trimmed its position in shares of Zillow (NASDAQ:Z) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 731,466 shares of the financial services provider’s stock after selling 10,590 shares during the quarter. Bamco Inc. NY owned 0.38% of Zillow worth $39,353,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of Z. Tredje AP fonden grew its position in Zillow by 3.9% during the first quarter. Tredje AP fonden now owns 27,360 shares of the financial services provider’s stock worth $1,472,000 after buying an additional 1,020 shares during the period. DekaBank Deutsche Girozentrale grew its position in Zillow by 17.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 7,410 shares of the financial services provider’s stock worth $428,000 after buying an additional 1,126 shares during the period. Daiwa Securities Group Inc. grew its position in Zillow by 1.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 66,838 shares of the financial services provider’s stock worth $2,735,000 after buying an additional 1,200 shares during the period. First Republic Investment Management Inc. grew its position in Zillow by 9.2% during the fourth quarter. First Republic Investment Management Inc. now owns 17,900 shares of the financial services provider’s stock worth $733,000 after buying an additional 1,508 shares during the period. Finally, Amalgamated Bank grew its position in Zillow by 8.8% during the fourth quarter. Amalgamated Bank now owns 21,333 shares of the financial services provider’s stock worth $873,000 after buying an additional 1,726 shares during the period. Institutional investors and hedge funds own 58.55% of the company’s stock.

Several analysts have issued reports on the stock. DA Davidson assumed coverage on shares of Zillow in a report on Wednesday, April 4th. They issued a “hold” rating and a $60.00 price target on the stock. Bank of America upped their price target on shares of Zillow to $56.00 and gave the company a “buy” rating in a report on Tuesday, May 8th. BidaskClub downgraded shares of Zillow from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 17th. KeyCorp set a $63.00 price target on shares of Zillow and gave the company a “buy” rating in a report on Thursday, April 12th. Finally, Cowen reaffirmed a “hold” rating on shares of Zillow in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $55.58.



In other news, Vice Chairman Lloyd D. Frink sold 13,600 shares of the stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $57.42, for a total value of $780,912.00. Following the completion of the sale, the insider now owns 4,279,608 shares of the company’s stock, valued at $245,735,091.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David A. Beitel sold 667 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $52.84, for a total transaction of $35,244.28. Following the completion of the sale, the chief technology officer now directly owns 41,743 shares of the company’s stock, valued at approximately $2,205,700.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,200,895 shares of company stock worth $64,695,765. 21.72% of the stock is currently owned by insiders.

Shares of Zillow opened at $51.67 on Friday, according to Marketbeat. The company has a debt-to-equity ratio of 0.14, a quick ratio of 7.64 and a current ratio of 7.64. Zillow has a 1 year low of $37.68 and a 1 year high of $59.99.

Zillow (NASDAQ:Z) last posted its quarterly earnings results on Monday, May 7th. The financial services provider reported ($0.09) earnings per share for the quarter. The company had revenue of $299.88 million for the quarter. Zillow had a negative return on equity of 0.40% and a negative net margin of 9.59%.

About Zillow

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 consumers 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.

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Institutional Ownership by Quarter for Zillow (NASDAQ:Z)

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