Arkadios Wealth Advisors Buys 7,612 Shares of Zillow Group, Inc. (NASDAQ:Z)

Arkadios Wealth Advisors increased its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,042 shares of the financial services provider's stock after purchasing an additional 7,612 shares during the quarter. Arkadios Wealth Advisors' holdings in Zillow Group were worth $3,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in Z. Acadian Asset Management LLC bought a new stake in shares of Zillow Group during the 2nd quarter valued at $158,000. DekaBank Deutsche Girozentrale grew its stake in shares of Zillow Group by 41.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the financial services provider's stock worth $1,627,000 after purchasing an additional 10,260 shares during the period. Dimensional Fund Advisors LP increased its holdings in Zillow Group by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider's stock valued at $66,032,000 after purchasing an additional 139,489 shares during the last quarter. Edgestream Partners L.P. increased its holdings in Zillow Group by 89.3% in the second quarter. Edgestream Partners L.P. now owns 18,359 shares of the financial services provider's stock valued at $852,000 after purchasing an additional 8,660 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Zillow Group by 28.4% in the second quarter. Canada Pension Plan Investment Board now owns 191,200 shares of the financial services provider's stock valued at $8,870,000 after buying an additional 42,300 shares during the period. 71.01% of the stock is owned by institutional investors.

Insider Activity at Zillow Group

In other news, insider Susan Daimler sold 3,694 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares of the company's stock, valued at $1,388,604.60. This represents a 16.44 % 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, General Counsel Bradley D. Owens sold 1,212 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares of the company's stock, valued at $2,348,051.22. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,689 shares of company stock worth $10,395,879. Insiders own 23.76% of the company's stock.

Analyst Ratings Changes

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

Zillow Group Stock Performance

Z stock traded up $1.34 during mid-day trading on Friday, reaching $77.86. The company had a trading volume of 2,853,851 shares, compared to its average volume of 1,948,453. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88. The stock has a 50 day simple moving average of $77.75 and a two-hundred day simple moving average of $63.92. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

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.