Donoghue Forlines LLC Takes $1.93 Million Position in Zillow Group, Inc. (NASDAQ:Z)

Donoghue Forlines LLC purchased a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,096 shares of the financial services provider's stock, valued at approximately $1,932,000.

A number of other large investors have also made changes to their positions in Z. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock worth $32,000 after purchasing an additional 400 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Zillow Group during the third quarter worth about $35,000. Blue Trust Inc. boosted its stake in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock worth $50,000 after buying an additional 313 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Zillow Group in the 3rd quarter valued at about $74,000. Finally, Quarry LP acquired a new position in shares of Zillow Group during the 2nd quarter valued at about $61,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 3,187 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the transaction, the chief accounting officer now owns 69,649 shares in the company, valued at $5,154,026. This represents a 4.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the transaction, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,689 shares of company stock worth $10,395,879 in the last ninety days. 23.76% of the stock is owned by insiders.

Zillow Group Stock Performance

Shares of Zillow Group stock traded up $0.82 on Thursday, reaching $79.91. 1,890,950 shares of the company were exchanged, compared to its average volume of 2,469,954. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of -140.19, a P/E/G ratio of 13.37 and a beta of 2.02. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $86.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company's 50-day moving average is $77.96 and its two-hundred day moving average is $64.60.

Wall Street Analyst Weigh In

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

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.