Pallas Capital Advisors LLC acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 4,630 shares of the financial services provider's stock, valued at approximately $317,000.
Other large investors have also bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $55,000. Assetmark Inc. lifted its holdings in shares of Zillow Group by 7,410.0% during 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 lifted its holdings in shares of Zillow Group by 53.3% during 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. Natixis purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $80,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock worth $94,000 after acquiring an additional 579 shares during the last quarter. 71.01% of the stock is owned by institutional investors.
Analyst Ratings Changes
Z has been the subject of a number of recent analyst reports. William Blair initiated coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods decreased 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 report on Wednesday, May 7th. Wedbush restated an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a report on Monday, May 5th. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Eight investment 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.71.
View Our Latest Analysis on Zillow Group
Zillow Group Trading Up 0.8%
NASDAQ:Z traded up $0.57 during trading hours on Monday, reaching $70.94. The company had a trading volume of 1,090,151 shares, compared to its average volume of 3,073,665. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of -150.94, a PEG ratio of 9.24 and a beta of 2.12. Zillow Group, Inc. has a 52 week low of $41.67 and a 52 week high of $89.39. The firm's 50 day moving average price is $67.00 and its 200-day moving average price is $73.03.
Insider Transactions at Zillow Group
In related news, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. This represents a 1.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jun Choo sold 11,725 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.77, for a total transaction of $806,328.25. Following the completion of the transaction, the chief operating officer now directly owns 130,186 shares of the company's stock, valued at $8,952,891.22. This represents a 8.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,947 shares of company stock worth $7,199,000 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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