20,966 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,966 shares of the financial services provider's stock, valued at approximately $1,553,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in Z. Atomi Financial Group Inc. lifted its holdings in shares of Zillow Group by 2.4% during the fourth quarter. Atomi Financial Group Inc. now owns 14,268 shares of the financial services provider's stock worth $1,057,000 after buying an additional 332 shares during the last quarter. Clear Harbor Asset Management LLC bought a new position in Zillow Group during the fourth quarter worth about $211,000. Arkadios Wealth Advisors boosted its holdings in Zillow Group by 18.4% during the fourth quarter. Arkadios Wealth Advisors now owns 49,042 shares of the financial services provider's stock valued at $3,632,000 after purchasing an additional 7,612 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Zillow Group in the 4th quarter valued at approximately $681,000. Finally, Mirador Capital Partners LP raised its holdings in shares of Zillow Group by 1.5% in the 4th quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider's stock worth $1,478,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Jefferies Financial Group upped their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Thursday, November 7th. Finally, Bank of America boosted their price target on Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $72.83.

Zillow Group Stock Up 3.6 %

Z traded up $2.90 during trading on Tuesday, hitting $84.16. The stock had a trading volume of 2,210,690 shares, compared to its average volume of 2,352,775. The stock has a 50 day simple moving average of $78.37 and a two-hundred day simple moving average of $65.41. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88. The company has a market capitalization of $19.66 billion, a PE ratio of -147.65, a PEG ratio of 10.72 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 3,033 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the sale, the chief accounting officer now directly owns 57,166 shares of the company's stock, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the transaction, the insider now owns 18,770 shares of the company's stock, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,689 shares of company stock valued at $10,395,879. 23.76% of the stock is owned by company insiders.

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.