G&S Capital LLC Purchases 19,319 Shares of Zillow Group, Inc. (NASDAQ:Z)

G&S Capital LLC increased its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 132.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,933 shares of the financial services provider's stock after purchasing an additional 19,319 shares during the quarter. G&S Capital LLC's holdings in Zillow Group were worth $2,326,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in Z. GAMMA Investing LLC increased its stake in shares of Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after buying an additional 196 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $55,000. Assetmark Inc. increased its holdings in shares of 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 in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 in the last quarter. Finally, Natixis bought a new position in Zillow Group in the 4th quarter worth approximately $80,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Performance

NASDAQ:Z opened at $69.74 on Monday. The stock has a 50-day simple moving average of $67.97 and a 200 day simple moving average of $72.17. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39. The company has a market cap of $16.84 billion, a PE ratio of -205.12, a PEG ratio of 12.88 and a beta of 2.13.

Analyst Upgrades and Downgrades

A number of analysts recently commented on Z shares. Keefe, Bruyette & Woods lowered their price objective on 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 set a "market perform" rating for the company. JPMorgan Chase & Co. cut their price objective on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Wedbush reaffirmed an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a report on Monday, May 5th. Finally, Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research report on Monday, April 28th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.71.

Insider Activity at Zillow Group

In other Zillow Group news, Director Gordon Sheridan Stephenson sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $70.69, for a total transaction of $706,900.00. Following the transaction, the director now owns 28,290 shares of the company's stock, valued at $1,999,820.10. The trade was a 26.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 6,962 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $68.63, for a total value of $477,802.06. Following the completion of the sale, the insider now directly owns 135,674 shares of the company's stock, valued at approximately $9,311,306.62. The trade was a 4.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,093 shares of company stock valued at $6,989,688. Corporate insiders own 23.76% of the company's stock.

Zillow Group 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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