Pallas Capital Advisors LLC Buys Shares of 4,630 Zillow Group, Inc. (NASDAQ:Z)

Pallas Capital Advisors LLC purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,630 shares of the financial services provider's stock, valued at approximately $317,000.

A number of other hedge funds have also recently made changes to their positions in Z. PNC Financial Services Group Inc. grew its holdings in shares of Zillow Group by 1.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock worth $706,000 after purchasing an additional 116 shares during the last quarter. Independent Advisor Alliance boosted its position in Zillow Group by 3.4% during the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock valued at $268,000 after buying an additional 120 shares during the period. Brown Brothers Harriman & Co. boosted its position in Zillow Group by 2.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock valued at $529,000 after buying an additional 148 shares during the period. DoubleLine ETF Adviser LP grew its holdings in Zillow Group by 1.5% in the 4th quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock worth $805,000 after acquiring an additional 163 shares during the last quarter. Finally, Savant Capital LLC increased its position in shares of Zillow Group by 2.7% in the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock valued at $503,000 after acquiring an additional 179 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Zillow Group Stock Performance

Shares of Z stock traded down $1.40 during trading hours on Friday, reaching $70.37. The company had a trading volume of 1,707,780 shares, compared to its average volume of 3,096,916. The business has a fifty day moving average price of $66.61 and a 200-day moving average price of $73.40. Zillow Group, Inc. has a one year low of $41.67 and a one year high of $89.39. The firm has a market cap of $16.99 billion, a PE ratio of -149.72, a price-to-earnings-growth ratio of 9.24 and a beta of 2.12.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 3,739 shares of Zillow Group stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $68.66, for a total value of $256,719.74. Following the sale, the insider now directly owns 74,423 shares in the company, valued at approximately $5,109,883.18. The trade was a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 142,636 shares of the company's stock, valued at $10,460,924.24. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,947 shares of company stock valued at $7,199,000. 25.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company upgraded shares of Zillow Group to a "hold" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods reduced their target price on shares of 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. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. Finally, William Blair started coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.