NorthRock Partners LLC Invests $437,000 in Zillow Group, Inc. (NASDAQ:Z)

NorthRock Partners LLC purchased a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,906 shares of the financial services provider's stock, valued at approximately $437,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP boosted its holdings in Zillow Group by 12.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 14,527 shares of the financial services provider's stock valued at $1,076,000 after purchasing an additional 1,570 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Zillow Group in the 4th quarter valued at about $442,000. Emmett Investment Management LP purchased a new position in Zillow Group during the 4th quarter worth approximately $2,882,000. Ensign Peak Advisors Inc grew its stake in Zillow Group by 9.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 58,258 shares of the financial services provider's stock worth $4,314,000 after buying an additional 5,000 shares during the last quarter. Finally, Ethic Inc. increased its position in Zillow Group by 13.3% during the fourth quarter. Ethic Inc. now owns 8,827 shares of the financial services provider's stock worth $654,000 after buying an additional 1,037 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on Z shares. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price target on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their price objective on Zillow Group from $80.00 to $76.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research note on Monday, May 5th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and an average price target of $83.71.

Zillow Group Stock Performance

Z stock traded down $0.50 on Thursday, reaching $64.75. The company had a trading volume of 970,693 shares, compared to its average volume of 3,224,479. The company's fifty day moving average is $67.08 and its 200 day moving average is $73.95. The company has a market cap of $15.71 billion, a P/E ratio of -137.77, a PEG ratio of 9.24 and a beta of 2.23. Zillow Group, Inc. has a 1 year low of $39.05 and a 1 year high of $89.39.

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 5,534 shares of the firm'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 $381,735.32. Following the transaction, the insider now directly owns 68,889 shares of the company's stock, valued at $4,751,963.22. This trade represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,154 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total value of $79,325.96. Following the completion of the transaction, the general counsel now owns 50,681 shares of the company's stock, valued at approximately $3,483,811.94. This represents a 2.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,741 shares of company stock valued at $11,414,034 over the last quarter. Company insiders own 25.03% of the company's stock.

About Zillow Group

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.