SEC Exclusive: As Zillow Group INC (Z) Share Value Declined, Shareholder Caledonia Private Investments Pty LTD Lowered Position by $24.97 Million

SEC Exclusive: As Zillow Group INC (Z) Share Value Declined, Shareholder Caledonia Private Investments Pty LTD Lowered Position by $24.97 Million

Caledonia Private Investments Pty Ltd decreased its stake in Zillow Group Inc (Z) by 5.37% based on its latest 2016Q3 regulatory filing with the SEC. Caledonia Private Investments Pty Ltd sold 734,452 shares as the company’s stock declined 2.56% while stock markets rallied. The institutional investor held 12.94 million shares of the miscellaneous company at the end of 2016Q3, valued at $445.68M, down from 13.67M at the end of the previous reported quarter. Caledonia Private Investments Pty Ltd who had been investing in Zillow Group Inc for a number of months, seems to be less bullish one the $4.43 billion market cap company. The stock is down 1.56% or $0.57 after the negative news, hitting $36.08 per share. About 1.10M shares traded hands. Zillow Group, Inc. (NASDAQ:Z) has risen 14.28% since June 7, 2016 and is uptrending. It has outperformed by 6.86% the S&P500.

Caledonia Private Investments Pty Ltd, which manages about $2.27 billion US Long portfolio, upped its stake in Martin Marietta Materials Inc (NYSE:MLM) by 27,634 shares to 608,424 shares, valued at $108.98M in 2016Q3, according to the filing.

Analysts await Zillow Group, Inc. (NASDAQ:Z) to report earnings on February, 9. They expect $0.14 earnings per share, up 207.69% or $0.27 from last year’s $-0.13 per share. Z’s profit will be $17.19 million for 64.43 P/E if the $0.14 EPS becomes a reality. After $0.03 actual earnings per share reported by Zillow Group, Inc. for the previous quarter, Wall Street now forecasts 366.67% EPS growth.

More recent Zillow Group, Inc. (NASDAQ:Z) news were published by: Fool.com which released: “Why Zillow Group, Inc. Stock Popped 42.3% in 2016” on January 10, 2017. Also Prnewswire.com published the news titled: “Zillow Group Pledges $5 Million for New University of Washington Computer …” on January 10, 2017. Seekingalpha.com‘s news article titled: “Zillow Group: Wallowing In Industry-Wide Slump” with publication date: January 04, 2017 was also an interesting one.

According to Zacks Investment Research, “Zillow Group, Inc. offers real estate and home-related brands on mobile and web. The company’s brands focus on home lifecycle consists of renting, buying, selling, financing and home improvement. Its real estate and rental marketplaces of consumer brands includes Zillow(R), Trulia(R), StreetEasy(R) and HotPads(R). The company also works with real estate agents, lenders and rental professionals. Its business brands for real estate, rental and mortgage professionals, including Postlets(R), Mortech(R), Diverse Solutions(R), Market Leader(R) and Retsly(TM). Zillow Group, Inc. is headquartered in Seattle.”

Zillow Group, Inc. (NASDAQ:Z) Ratings Coverage

Out of 7 analysts covering Zillow Inc (NASDAQ:Z), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Zillow Inc has been the topic of 15 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, August 5 by Morgan Stanley. RBC Capital Markets maintained Zillow Group, Inc. (NASDAQ:Z) on Wednesday, August 5 with “Sector Perform” rating. Benchmark maintained the stock with “Buy” rating in Wednesday, November 4 report. The stock has “Neutral” rating given by Macquarie Research on Thursday, August 6. Benchmark maintained Zillow Group, Inc. (NASDAQ:Z) rating on Tuesday, May 3. Benchmark has “Buy” rating and $34 price target. The company was maintained on Wednesday, August 5 by Benchmark. The stock has “Overweight” rating given by Morgan Stanley on Thursday, July 14. The firm has “Neutral” rating given on Monday, August 10 by Susquehanna. As per Thursday, December 22, the company rating was initiated by Stifel Nicolaus. The company was downgraded on Friday, July 31 by Cowen & Co.

Z Company Profile

Zillow Group, Inc., incorporated on July 25, 2014, operates the real estate and home-related information marketplaces on mobile and the Web, with a portfolio of brands and products to help people find information about homes and connect with local professionals. The Company’s brands focus on all stages of the home lifecycle: renting, buying, selling, financing and home improvement. The Company’s portfolio of consumer brands includes Zillow, Trulia, StreetEasy, Bridge Interactive and HotPads. In addition, it provides advertising services to real estate agents and rental and mortgage professionals. The Firm also owns and operates a number of brands that offer technology solutions to real estate, rental and mortgage professionals, including DotLoop, Mortech, Diverse Solutions and Retsly. The Company’s database includes over 110 million homes in the United States, including homes for sale, homes for rent and homes not on the market.

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