Arlington Partners LLC Has $4.04 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Arlington Partners LLC decreased its stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,594 shares of the financial services provider's stock after selling 16,610 shares during the period. Arlington Partners LLC's holdings in Zillow Group were worth $4,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. abrdn plc lifted its position in Zillow Group by 98.0% during the 3rd quarter. abrdn plc now owns 48,990 shares of the financial services provider's stock valued at $3,128,000 after purchasing an additional 24,247 shares during the period. IVY Lane Capital Management LLC lifted its position in Zillow Group by 35.0% during the 3rd 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 stake in shares of Zillow Group in the 4th quarter valued at approximately $1,932,000. Thrivent Financial for Lutherans acquired a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $6,267,000. Finally, Friedenthal Financial acquired a new stake in shares of Zillow Group in the 4th quarter valued at approximately $754,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on Z. Bank of America increased 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. Needham & Company LLC reiterated a "hold" rating on shares of Zillow Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday. Morgan Stanley increased their target price on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Wedbush reissued an "outperform" rating and set a $100.00 target price on shares of Zillow Group in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $82.00.

Zillow Group Stock Performance

Zillow Group stock traded up $0.50 during mid-day trading on Thursday, hitting $78.71. 5,768,530 shares of the company's stock traded hands, compared to its average volume of 2,978,463. The firm has a 50 day simple moving average of $78.73 and a two-hundred day simple moving average of $68.13. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of -138.09, a P/E/G ratio of 16.20 and a beta of 2.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

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 for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. On average, research analysts expect that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer Rock sold 8,225 shares of Zillow Group stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $73.05, for a total value of $600,836.25. Following the completion of the transaction, the chief accounting officer now owns 61,424 shares in the company, valued at approximately $4,487,023.20. This represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,730 shares of company stock worth $10,896,034. Company 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.