Ninety One SA (Pty) 13F: Exits Zillow (Z) Stake

Ninety One SA disclosed in a filing on October 15, 2026, that it sold its entire stake in Zillow Group, Inc. (NasdaqGS: Z). The fund cut 29,268 shares, which means it completely exited its position. This reflects a 100% decrease in holdings.

What Changed in Ninety One SA's Zillow Group Position

Ninety One SA sold out entirely, moving from 29,268 shares to 0 shares in Zillow Group. The reported value at the time of the sale was about $892,000. This decision may signal a shift in the fund's strategy regarding its investment in Zillow.

Other Institutional Activity in Zillow Group

Several other funds adjusted their positions in Zillow Group recently. Caledonia (Private) Investments Pty Ltd reduced its stake by 1,791,926 shares, ending with 24,102,956 shares valued at approximately $742.9 million. Independent Franchise Partners, LLP increased its holdings by 3,102,832 shares to 16,300,754 shares, worth about $502.4 million. Vanguard Portfolio Management LLC trimmed its investment by 682,294 shares, holding 13,327,843 shares valued at around $410.8 million. Blackrock Inc. also decreased its position, selling 1,849,646 shares and holding 8,159,260 shares worth about $251.5 million.

Zillow Group, Inc. Stock Down 2.6%

Zillow Group shares recently traded around $30.64, which is significantly below its 200-day moving average of $40.92 and its 50-day average of $31.85. The stock is also down about 61.4% from its 52-week high of $79.40, although it is 14.9% above its 52-week low of $26.67. This performance could be a concern for investors, especially given the current market conditions.

Recent Earnings

For the trailing twelve months, Zillow Group reported revenue of approximately $2.81 billion and an EPS of $0.23. The company is expected to announce its next earnings report on November 4, 2026. The company's revenue growth year-over-year stands at 17.9%, with a net margin of 2.0% and return on equity at 1.2%.

Insider Buying and Selling at Zillow Group, Inc.

Several insiders sold shares in Zillow Group. On August 17, 2026, CEO Jeremy Wacksman sold 15,125 shares, valued at around $517,303. COO Jeremy Hofmann also sold 9,171 shares for approximately $313,669 on the same day. Additionally, Directors Erik Cassils Blachford and Thielke Claire Cormier sold 792 and 1,187 shares respectively, with values of $28,282 and $42,388 on September 3, 2026.

Analysts Set New Price Targets

Analysts have maintained various ratings for Zillow Group. On October 13, 2026, Morgan Stanley maintained an Equal-Weight rating with a new price target of $35.00, down from $60.00. Earlier, JP Morgan also kept its Overweight rating, adjusting its target from $76.00 to $62.00 on August 11, 2026.

About Zillow Group

Zillow Group, Inc. operates a real estate platform and website that connects consumers with agents, technology, and loan officers. The company serves various segments, including Residential, Mortgages, Rentals, and Other. This recent exit from Ninety One SA's portfolio reflects potential shifts in investor sentiment towards the housing market and digital solutions in real estate.

Bottom Line

Watch for Zillow Group's upcoming earnings report on November 4, 2026, as it may provide further insights into its financial performance. The recent sale by Ninety One SA indicates a move away from this stock, and it's worth noting that the holdings reported in this filing may not represent the fund's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.