Private Advisory Group LLC boosted its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 29.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 105,507 shares of the financial services provider's stock after buying an additional 23,727 shares during the period. Private Advisory Group LLC's holdings in Zillow Group were worth $7,234,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of Z. IFP Advisors Inc boosted its position in Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 338 shares in the last quarter. GAMMA Investing LLC boosted its position in Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 196 shares in the last quarter. National Bank of Canada FI bought a new stake in Zillow Group during the fourth quarter valued at about $55,000. Natixis bought a new stake in Zillow Group during the fourth quarter valued at about $80,000. Finally, Parallel Advisors LLC boosted its position in Zillow Group by 141.8% during the first quarter. Parallel Advisors LLC now owns 1,678 shares of the financial services provider's stock valued at $115,000 after purchasing an additional 984 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.
Insider Transactions at Zillow Group
In related news, CEO Jeremy Wacksman sold 10,984 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $757,676.32. Following the completion of the sale, the chief executive officer directly owned 171,517 shares of the company's stock, valued at $11,831,242.66. This represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 3,466 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.96, for a total value of $239,015.36. Following the completion of the sale, the general counsel directly owned 47,215 shares of the company's stock, valued at approximately $3,255,946.40. This trade represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,093 shares of company stock worth $6,989,688. Insiders own 25.03% of the company's stock.
Zillow Group Stock Performance
Shares of NASDAQ:Z traded up $0.65 on Friday, hitting $80.20. 2,186,874 shares of the company's stock were exchanged, compared to its average volume of 2,267,840. The firm's 50-day moving average is $72.94 and its 200 day moving average is $72.52. The company has a market capitalization of $19.36 billion, a PE ratio of -235.88, a P/E/G ratio of 14.69 and a beta of 2.09. Zillow Group, Inc. has a 1-year low of $41.67 and a 1-year high of $89.39.
Analysts Set New Price Targets
Z has been the subject of a number of recent analyst reports. William Blair initiated coverage on Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods lowered their price target on Zillow Group from $80.00 to $76.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 7th. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered their price target on Zillow Group from $93.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $83.71.
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Zillow Group Profile
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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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