Mirador Capital Partners LP Increases Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Mirador Capital Partners LP boosted its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 240.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,950 shares of the financial services provider's stock after purchasing an additional 47,995 shares during the quarter. Mirador Capital Partners LP's holdings in Zillow Group were worth $4,659,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of Z. Blue Trust Inc. boosted its stake in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after purchasing an additional 137 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Zillow Group by 209.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 194,317 shares of the financial services provider's stock worth $14,389,000 after buying an additional 131,546 shares during the last quarter. TriaGen Wealth Management LLC grew its holdings in shares of Zillow Group by 7.0% during the fourth quarter. TriaGen Wealth Management LLC now owns 4,804 shares of the financial services provider's stock valued at $356,000 after buying an additional 313 shares during the last quarter. Western Financial Corp CA acquired a new position in shares of Zillow Group in the 4th quarter valued at $497,000. Finally, Optas LLC raised its stake in Zillow Group by 13.8% in the 4th quarter. Optas LLC now owns 5,611 shares of the financial services provider's stock worth $415,000 after acquiring an additional 681 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. The trade was a 1.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer Rock sold 5,997 shares of Zillow Group stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the transaction, the chief accounting officer now owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. The trade was a 9.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,741 shares of company stock worth $7,114,134. 25.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on Z shares. William Blair began coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their price target 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.71.

Zillow Group Price Performance

Shares of Z traded up $0.75 during mid-day trading on Tuesday, reaching $69.11. 1,825,436 shares of the company's stock were exchanged, compared to its average volume of 3,202,931. The business's fifty day simple moving average is $66.29 and its 200-day simple moving average is $73.81. The stock has a market capitalization of $16.69 billion, a PE ratio of -147.04, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 52-week low of $40.61 and a 52-week high of $89.39.

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.