Proficio Capital Partners LLC Acquires New Position in Zillow Group, Inc. (NASDAQ:Z)

Proficio Capital Partners LLC purchased a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 99,597 shares of the financial services provider's stock, valued at approximately $7,375,000.

Several other institutional investors have also recently added to or reduced their stakes in Z. Blue Trust Inc. boosted its stake in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after buying an additional 137 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Zillow Group during the 3rd quarter worth $74,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Zillow Group by 86.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after purchasing an additional 579 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Zillow Group by 17.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 245 shares during the period. Finally, Northwest & Ethical Investments L.P. purchased a new stake in Zillow Group during the third quarter worth about $128,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Insiders Place Their Bets

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 3,033 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the completion of the transaction, the chief accounting officer now directly owns 57,166 shares of the company's stock, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,098 shares of company stock valued at $7,911,237 over the last 90 days. 23.76% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. KeyCorp upgraded Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Finally, Baird R W upgraded shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and an average target price of $82.00.

Zillow Group Stock Performance

Shares of Z stock traded down $2.49 on Thursday, reaching $74.42. 1,014,896 shares of the company's stock traded hands, compared to its average volume of 3,462,048. The company has a market capitalization of $18.05 billion, a P/E ratio of -158.64, a price-to-earnings-growth ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39. The business's 50 day moving average price is $78.16 and its two-hundred day moving average price is $71.15.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.