Oak Thistle LLC Has $1.30 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Oak Thistle LLC grew its position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 581.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,935 shares of the financial services provider's stock after acquiring an additional 16,158 shares during the quarter. Oak Thistle LLC's holdings in Zillow Group were worth $1,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TB Alternative Assets Ltd. grew its stake in shares of Zillow Group by 49.0% in the first quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider's stock valued at $39,142,000 after buying an additional 187,671 shares in the last quarter. G&S Capital LLC grew its stake in shares of Zillow Group by 132.2% in the first quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider's stock valued at $2,326,000 after buying an additional 19,319 shares in the last quarter. Cerity Partners LLC boosted its holdings in Zillow Group by 67.0% in the first quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider's stock valued at $1,404,000 after purchasing an additional 8,215 shares during the last quarter. Gotham Asset Management LLC purchased a new position in Zillow Group in the fourth quarter valued at about $442,000. Finally, Optas LLC boosted its holdings in Zillow Group by 117.5% in the first quarter. Optas LLC now owns 12,205 shares of the financial services provider's stock valued at $837,000 after purchasing an additional 6,594 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Trading Up 0.9%

Z traded up $0.76 on Friday, hitting $81.16. 1,929,159 shares of the stock traded hands, compared to its average volume of 2,633,474. Zillow Group, Inc. has a 52 week low of $41.67 and a 52 week high of $89.39. The firm has a market capitalization of $19.60 billion, a PE ratio of -238.71, a P/E/G ratio of 14.88 and a beta of 2.11. The business has a fifty day moving average price of $71.33 and a two-hundred day moving average price of $72.15.

Insider Activity at Zillow Group

In other news, CFO Jeremy Hofmann sold 7,959 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $549,011.82. Following the transaction, the chief financial officer directly owned 97,481 shares of the company's stock, valued at $6,724,239.38. The trade was a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeremy Wacksman sold 10,984 shares of the company's 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 transaction, the chief executive officer directly owned 171,517 shares in the company, valued at approximately $11,831,242.66. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,093 shares of company stock valued at $6,989,688. Corporate insiders own 25.03% of the company's stock.

Analyst Ratings Changes

Z has been the topic of several analyst reports. William Blair initiated coverage on Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating on the stock. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. Keefe, Bruyette & Woods lowered their target price 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. 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. Finally, Wells Fargo & Company upgraded Zillow Group to a "hold" rating in a research report on Monday, April 28th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Zillow Group currently has a consensus rating of "Moderate Buy" and an average 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.