Allworth Financial LP Buys 13,773 Shares of Zillow Group, Inc. (NASDAQ:Z)

Allworth Financial LP grew its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 68,865.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,793 shares of the financial services provider's stock after purchasing an additional 13,773 shares during the quarter. Allworth Financial LP's holdings in Zillow Group were worth $1,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. abrdn plc grew its holdings in shares of Zillow Group by 98.0% during the third quarter. abrdn plc now owns 48,990 shares of the financial services provider's stock valued at $3,128,000 after buying an additional 24,247 shares during the last quarter. IVY Lane Capital Management LLC lifted its position in Zillow Group by 35.0% during the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider's stock valued at $8,620,000 after purchasing an additional 35,000 shares during the period. Donoghue Forlines LLC acquired a new position in Zillow Group during the fourth quarter valued at $1,932,000. Thrivent Financial for Lutherans acquired a new position in Zillow Group during the third quarter valued at $6,267,000. Finally, Friedenthal Financial acquired a new position in Zillow Group during the fourth quarter valued at $754,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Z has been the topic of several research analyst reports. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. Wedbush reissued an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Morgan Stanley lifted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $82.00.

Zillow Group Stock Down 4.8 %

Shares of Z traded down $3.77 on Friday, reaching $74.57. The stock had a trading volume of 1,348,099 shares, compared to its average volume of 2,855,834. The firm has a market capitalization of $17.42 billion, a PE ratio of -158.83, a PEG ratio of 9.42 and a beta of 2.03. The firm has a 50-day moving average of $78.49 and a 200 day moving average of $69.32. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39.

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

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 7,175 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $85.36, for a total transaction of $612,458.00. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,481,540.32. The trade was a 6.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the sale, the insider now directly owns 58,217 shares of the company's stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,838 shares of company stock worth $4,617,389. Corporate insiders own 23.76% 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.