Ninety One UK 13F: Cuts Zillow (Z) Stake by $72M

Ninety One UK has reduced its stake in Zillow Group, Inc. (NasdaqGS: Z) by 2,651,088 shares, according to its latest Form 13F filing disclosed on October 15, 2026. The fund now holds 821,974 shares valued at about $22.3 million. This represents a decrease of 76.3% from its previous holdings of 3,473,062 shares.

Other Institutional Activity in Zillow Group, Inc.

Several other institutional investors have adjusted their positions in Zillow Group recently. Caledonia (Private) Investments Pty Ltd sold 1,791,926 shares, reducing its stake to 24,102,956 shares worth roughly $742.9 million. In contrast, Independent Franchise Partners, LLP grew its holdings by 3,102,832 shares, now owning 16,300,754 shares valued at about $502.4 million. Additionally, Capital World Investors increased its position slightly, adding 45,425 shares to reach a total of 14,240,643 shares worth about $438.9 million. However, Vanguard Portfolio Management LLC and Blackrock Inc. both trimmed their stakes, with Vanguard selling 682,294 shares and Blackrock cutting 1,849,646 shares, ending with 13,327,843 and 8,159,260 shares, respectively.

Zillow Group, Inc. Stock Down 2.6%

As of October 16, 2026, Zillow's shares recently traded around $30.64, which is below both its 50-day and 200-day moving averages by about 3.8% and 25.1%, respectively. Furthermore, the stock is significantly off its 52-week high of $79.40, trading nearly 61.4% lower, although it remains 14.9% above its 52-week low of $26.67.

Recent Earnings

Zillow Group reported trailing twelve-month revenue of approximately $2.81 billion with an earnings per share (EPS) of $0.23. The company has shown a year-over-year revenue growth of 17.9%. Its next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at Zillow Group, Inc.

Recent insider transactions include Chief Executive Officer Jeremy Wacksman selling 15,125 shares worth about $517,303 on August 17, 2026. Chief Operating Officer Jeremy Hofmann also sold 9,171 shares for around $313,669 on the same day. Additionally, two directors, Erik Cassils Blachford and Thielke Claire Cormier, each sold 792 and 1,187 shares, respectively, valued at approximately $28,282 and $42,388, on September 3, 2026.

Analysts Set New Price Targets

Analysts have maintained various price targets for Zillow. On July 13, 2026, Keefe, Bruyette & Woods maintained a Market Perform rating with a target of $37.00. Jefferies also maintained a Buy rating with a $60.00 target on July 14, 2026. More recently, on October 13, 2026, Morgan Stanley maintained an Equal-Weight rating with a target of $35.00, down from $60.00. The consensus rating for Zillow remains a Hold, with a mean price target of approximately $41.83 based on six analyst opinions.

About Zillow Group, Inc.

Zillow Group, Inc. operates a popular real estate platform that connects consumers with technology, agents, and loan officers across the U.S. Its services are split into four main categories: Residential, Mortgages, Rentals, and Other, making it a key player in the digital real estate market.

Bottom Line

Ninety One UK's cut of its Zillow stake may signal a shift in investment strategy. Investors should keep an eye on the upcoming earnings report on November 4, 2026, for further insights into the company's performance. Note that the filing reflects holdings as of the reporting period and may not represent the current position of Ninety One UK.