SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 5.0% Beneficial Ownership in Zillow Group Class C Capital Stock
Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly filed a Schedule 13G disclosing a 5.0% beneficial ownership stake in Zillow Group Inc.'s Class C Capital Stock as of December 31, 2024.
Summary
- FMR LLC, a Delaware-organized entity, and Abigail P. Johnson, a U.S. citizen, have jointly filed a Schedule 13G.
- As of December 31, 2024, FMR LLC and Abigail P. Johnson beneficially own an aggregate of 8,635,277.73 shares of Zillow Group Inc.'s Class C Capital Stock.
- This aggregate amount represents 5.0% of the total outstanding Class C Capital Stock.
- FMR LLC holds sole voting power over 8,515,742.52 shares and sole dispositive power over 8,635,277.73 shares.
- Abigail P. Johnson holds sole dispositive power over 8,635,277.73 shares, with no sole or shared voting power directly attributed.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Zillow Group Inc.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership, not a performance or strategic announcement, thus it carries a neutral sentiment.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by FMR LLC, a major global asset manager, in Zillow Group Inc., a prominent technology company operating in the real estate sector. Such disclosures provide transparency regarding institutional holdings in publicly traded companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners (49% voting power) of Series B voting common shares of FMR LLC. A shareholders' voting agreement ensures all Series B shares are voted in accordance with the majority, potentially forming a controlling group for FMR LLC under the Investment Company Act of 1940. | NA | Clarifies the internal control structure of FMR LLC, the reporting entity, and its relationship with Abigail P. Johnson. |
| Joint Filing Agreement | FMR LLC and Abigail P. Johnson have entered into a Rule 13d-1(k)(1) agreement for joint filing of this Schedule 13G, confirming their consent to report their beneficial ownership jointly. | 02/11/2025 | Ensures compliance with SEC regulations for reporting beneficial ownership by a group. |
Related Party Transactions
- Abigail P. Johnson, as a reporting person, is the Chairman and CEO of FMR LLC, the other reporting person. The Johnson family, including Abigail P. Johnson, holds significant voting power in FMR LLC, establishing a direct relationship between the two reporting entities.
Stakeholder Impact
- Shareholders of Zillow Group Inc. are informed of a significant institutional and individual ownership stake, providing transparency regarding the company's ownership structure.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end). |
| 02/11/2025 | Date of filing of this Schedule 13G. |
Keywords
Zillow Group Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, Class C Capital Stock, institutional investor, real estate technology, SEC filing
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