Goodman Advisory Group LLC Buys Shares of 10,825 Zillow Group, Inc. (NASDAQ:Z)

Goodman Advisory Group LLC purchased a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,825 shares of the financial services provider's stock, valued at approximately $742,000.

A number of other large investors have also made changes to their positions in Z. GAMMA Investing LLC boosted its holdings in shares of Zillow Group by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 196 shares during the last quarter. National Bank of Canada FI acquired a new position in Zillow Group during the fourth quarter valued at $55,000. Assetmark Inc. boosted its holdings in Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 741 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Zillow Group by 53.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 367 shares during the last quarter. Finally, Natixis acquired a new stake in Zillow Group during the 4th quarter worth about $80,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Zillow Group Trading Up 0.8%

Shares of Z opened at $69.74 on Friday. The company's 50-day moving average price is $67.97 and its 200 day moving average price is $72.23. Zillow Group, Inc. has a 12-month low of $41.67 and a 12-month high of $89.39. The firm has a market cap of $16.84 billion, a P/E ratio of -205.12, a price-to-earnings-growth ratio of 12.88 and a beta of 2.12.

Insiders Place Their Bets

In other news, General Counsel Bradley D. Owens sold 1,154 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total transaction of $79,325.96. Following the completion of the transaction, the general counsel now directly owns 50,681 shares of the company's stock, valued at approximately $3,483,811.94. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Erik C. Blachford sold 965 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $70.35, for a total transaction of $67,887.75. Following the transaction, the director now owns 35,474 shares of the company's stock, valued at $2,495,595.90. This trade represents a 2.65% 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 over the last three months. Company insiders own 25.03% of the company's stock.

Wall Street Analysts Forecast Growth

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

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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