Arkadios Wealth Advisors cut its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,148 shares of the financial services provider's stock after selling 8,894 shares during the period. Arkadios Wealth Advisors' holdings in Zillow Group were worth $2,753,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ninety One UK Ltd grew its holdings in shares of Zillow Group by 11.4% during the first quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider's stock worth $276,263,000 after purchasing an additional 411,742 shares in the last quarter. Dorsal Capital Management LP boosted its stake in Zillow Group by 4.7% in the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider's stock worth $248,068,000 after buying an additional 150,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in Zillow Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,878,124 shares of the financial services provider's stock worth $212,745,000 after buying an additional 28,728 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Zillow Group by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider's stock valued at $114,109,000 after purchasing an additional 65,724 shares during the period. Finally, Altimeter Capital Management LP boosted its stake in shares of Zillow Group by 52.0% during the fourth quarter. Altimeter Capital Management LP now owns 1,300,738 shares of the financial services provider's stock valued at $96,320,000 after purchasing an additional 445,158 shares during the period. 71.01% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Z has been the subject of a number of recent analyst reports. William Blair initiated coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. Wells Fargo & Company raised shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price target on shares of Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Finally, Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a report on Monday, May 5th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $83.71.
Read Our Latest Report on Zillow Group
Zillow Group Trading Up 0.7%
Shares of Z opened at $79.55 on Friday. The business's 50 day moving average is $72.66 and its 200 day moving average is $72.46. The company has a market capitalization of $19.21 billion, a PE ratio of -233.97, a price-to-earnings-growth ratio of 14.60 and a beta of 2.11. Zillow Group, Inc. has a 12-month low of $41.67 and a 12-month high of $89.39.
Insider Activity at Zillow Group
In other Zillow Group news, CFO Jeremy Hofmann sold 7,959 shares of Zillow Group stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $549,011.82. Following the sale, the chief financial officer owned 97,481 shares of the company's stock, valued at $6,724,239.38. The trade was a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Dan Spaulding sold 5,534 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $381,735.32. Following the transaction, the insider directly owned 68,889 shares in the company, valued at approximately $4,751,963.22. This represents a 7.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,093 shares of company stock worth $6,989,688 in the last three months. Corporate insiders own 25.03% of the company's stock.
About Zillow Group
(
Free Report)
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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