NorthRock Partners LLC Acquires Shares of 5,906 Zillow Group, Inc. (NASDAQ:Z)

NorthRock Partners LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,906 shares of the financial services provider's stock, valued at approximately $437,000.

A number of other hedge funds have also recently modified their holdings of Z. Assenagon Asset Management S.A. grew its position in shares of Zillow Group by 1,309.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 66,371 shares of the financial services provider's stock valued at $4,915,000 after buying an additional 61,663 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Zillow Group by 14.8% in the 4th quarter. Park Avenue Securities LLC now owns 10,247 shares of the financial services provider's stock valued at $759,000 after buying an additional 1,324 shares during the last quarter. Avanza Fonder AB purchased a new position in shares of Zillow Group in the 4th quarter valued at $681,000. Arkadios Wealth Advisors grew its position in shares of Zillow Group by 18.4% in the 4th quarter. Arkadios Wealth Advisors now owns 49,042 shares of the financial services provider's stock valued at $3,632,000 after buying an additional 7,612 shares during the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Zillow Group in the 4th quarter valued at $211,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total value of $408,155.82. Following the completion of the transaction, the chief accounting officer now directly owns 58,320 shares in the company, valued at approximately $3,969,259.20. This represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jun Choo sold 55,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,790,167.54. This trade represents a 38.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,741 shares of company stock valued at $11,414,034. Insiders own 25.03% of the company's stock.

Zillow Group Price Performance

Z stock traded down $0.61 on Tuesday, hitting $67.18. 1,614,936 shares of the company were exchanged, compared to its average volume of 3,225,922. Zillow Group, Inc. has a twelve month low of $39.05 and a twelve month high of $89.39. The business's fifty day moving average is $67.22 and its two-hundred day moving average is $74.06. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of -142.94, a price-to-earnings-growth ratio of 9.24 and a beta of 2.23.

Wall Street Analysts Forecast Growth

Z has been the topic of several research reports. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. William Blair started coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $100.00 target price on shares of Zillow Group in a report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and an average 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.