Retirement Planning Group LLC Acquires New Shares in Zillow Group, Inc. (NASDAQ:Z)

Retirement Planning Group LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,945 shares of the financial services provider's stock, valued at approximately $270,000.

Other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI bought a new position in shares of Zillow Group during the 4th quarter valued at $55,000. Assetmark Inc. raised its holdings in 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 buying an additional 741 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after buying an additional 137 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider's stock worth $79,000 after acquiring an additional 367 shares in the last quarter. Finally, Natixis bought a new stake in shares of Zillow Group during the 4th quarter worth about $80,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on Z shares. Keefe, Bruyette & Woods lowered 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 note on Wednesday, May 7th. William Blair assumed coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating on the stock. JPMorgan Chase & Co. decreased their target price on Zillow Group from $93.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Monday, May 5th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.71.

Insiders Place Their Bets

In other news, COO Jun Choo sold 11,725 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.77, for a total value of $806,328.25. Following the transaction, the chief operating officer now owns 130,186 shares of the company's stock, valued at approximately $8,952,891.22. This trade represents a 8.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Rock sold 5,997 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the sale, the chief accounting officer now directly owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This trade represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,741 shares of company stock valued at $7,114,134. Insiders own 25.03% of the company's stock.

Zillow Group Price Performance

Z stock opened at $69.80 on Friday. The business has a fifty day moving average price of $66.32 and a 200 day moving average price of $73.73. Zillow Group, Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $89.39. The stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of -148.51, a P/E/G ratio of 9.24 and a beta of 2.23.

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.

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