6,146 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,146 shares of the financial services provider's stock, valued at approximately $421,000.

A number of other institutional investors have also recently added to or reduced their stakes in Z. Sanctuary Advisors LLC boosted its holdings in Zillow Group by 74.3% during the fourth quarter. Sanctuary Advisors LLC now owns 5,991 shares of the financial services provider's stock worth $444,000 after buying an additional 2,554 shares in the last quarter. CIBC Asset Management Inc raised its position in Zillow Group by 13.7% during the fourth quarter. CIBC Asset Management Inc now owns 6,907 shares of the financial services provider's stock worth $511,000 after acquiring an additional 831 shares during the last quarter. Ieq Capital LLC raised its position in Zillow Group by 40.7% during the fourth quarter. Ieq Capital LLC now owns 29,323 shares of the financial services provider's stock worth $2,171,000 after acquiring an additional 8,489 shares during the last quarter. Handelsbanken Fonder AB raised its position in Zillow Group by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 46,600 shares of the financial services provider's stock worth $3,451,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its position in Zillow Group by 48.7% during the fourth quarter. Wealthspire Advisors LLC now owns 6,167 shares of the financial services provider's stock worth $457,000 after acquiring an additional 2,021 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on Z shares. Wedbush restated an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Keefe, Bruyette & Woods cut their price objective on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. William Blair started coverage on shares of Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating for the company. Finally, Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.71.

Zillow Group Stock Up 1.1%

Z opened at $68.24 on Monday. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39. The company has a 50 day moving average of $67.32 and a two-hundred day moving average of $72.61. The company has a market cap of $16.48 billion, a P/E ratio of -200.71, a P/E/G ratio of 12.60 and a beta of 2.13.

Insider Activity

In related news, Director Erik C. Blachford sold 965 shares of Zillow Group stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $70.35, for a total value of $67,887.75. Following the completion of the transaction, the director now directly owns 35,474 shares in the company, valued at approximately $2,495,595.90. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Rock sold 5,997 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.06, for a total value of $408,155.82. Following the completion of the sale, the chief accounting officer now directly owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,947 shares of company stock worth $7,199,000. 23.76% of the stock is currently owned by company insiders.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.

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