TKG Advisors LLC Has $4.90 Million Position in Zillow Group, Inc. (NASDAQ:Z)

TKG Advisors LLC grew its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,482 shares of the financial services provider's stock after buying an additional 3,874 shares during the period. Zillow Group makes up 2.4% of TKG Advisors LLC's portfolio, making the stock its 15th biggest position. TKG Advisors LLC's holdings in Zillow Group were worth $4,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Zillow Group by 1.2% during 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 period. Independent Advisor Alliance raised its position in shares of Zillow Group by 3.4% during the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock worth $268,000 after purchasing an additional 120 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Zillow Group by 2.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,148 shares of the financial services provider's stock worth $529,000 after purchasing an additional 148 shares during the period. DoubleLine ETF Adviser LP raised its position in shares of Zillow Group by 1.5% during the fourth quarter. DoubleLine ETF Adviser LP now owns 10,868 shares of the financial services provider's stock worth $805,000 after purchasing an additional 163 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider's stock worth $42,000 after purchasing an additional 196 shares during the period. Institutional investors own 71.01% of the company's stock.

Insider Transactions at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 10,984 shares of Zillow Group stock in a transaction on 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 transaction, the chief executive officer directly owned 171,517 shares of the company's stock, valued at $11,831,242.66. The trade was a 6.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gordon Sheridan Stephenson sold 10,000 shares of Zillow Group stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total value of $706,900.00. Following the completion of the transaction, the director directly owned 28,290 shares of the company's stock, valued at $1,999,820.10. This represents a 26.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,093 shares of company stock worth $6,989,688. Corporate insiders own 23.76% of the company's stock.

Zillow Group Price Performance

Z traded up $1.45 during trading on Friday, hitting $72.45. The stock had a trading volume of 1,278,389 shares, compared to its average volume of 2,993,368. The company has a 50 day moving average price of $68.73 and a 200-day moving average price of $71.93. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of -213.09, a P/E/G ratio of 13.40 and a beta of 2.11. Zillow Group, Inc. has a one year low of $41.67 and a one year high of $89.39.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of recent research reports. Wedbush reissued an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. William Blair began coverage on Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating on the stock. 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 report on Thursday, May 8th. Wells Fargo & Company raised Zillow Group to a "hold" rating in a research report on Monday, April 28th. Finally, 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 report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.71.

Zillow Group 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.