Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Carmel Capital Partners LLC

Carmel Capital Partners LLC reduced its position in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 41.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,389 shares of the financial services provider's stock after selling 13,286 shares during the period. Carmel Capital Partners LLC's holdings in Zillow Group were worth $1,174,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Forum Financial Management LP acquired a new position in Zillow Group in the 3rd quarter valued at about $261,000. Optas LLC acquired a new position in Zillow Group in the 3rd quarter valued at about $315,000. F M Investments LLC acquired a new position in Zillow Group in the 3rd quarter valued at about $1,901,000. Gladstone Institutional Advisory LLC acquired a new position in Zillow Group in the 3rd quarter valued at about $213,000. Finally, Pinnacle Associates Ltd. increased its position in Zillow Group by 5.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 18,373 shares of the financial services provider's stock valued at $1,173,000 after acquiring an additional 876 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Insiders Place Their Bets

In related news, CFO Jeremy Hofmann sold 4,729 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $52.85, for a total value of $249,927.65. Following the transaction, the chief financial officer now directly owns 118,394 shares of the company's stock, valued at approximately $6,257,122.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares of the company's stock, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 4,729 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $52.85, for a total value of $249,927.65. Following the completion of the sale, the chief financial officer now owns 118,394 shares of the company's stock, valued at approximately $6,257,122.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,596 shares of company stock valued at $3,938,581 in the last quarter. 23.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on Z shares. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Bank of America boosted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Jefferies Financial Group boosted their target price on Zillow Group from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald upgraded Zillow Group to a "hold" rating in a research report on Thursday, September 5th. Finally, Craig Hallum upgraded Zillow Group to a "strong-buy" rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and an average target price of $70.33.

Zillow Group Price Performance

Z stock traded up $1.26 on Friday, reaching $73.89. The company had a trading volume of 4,988,788 shares, compared to its average volume of 3,783,887. Zillow Group, Inc. has a 1 year low of $35.44 and a 1 year high of $74.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The company's fifty day moving average is $61.57 and its 200 day moving average is $52.03. The company has a market cap of $17.10 billion, a P/E ratio of -129.63 and a beta of 1.95.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.34% and a negative net margin of 6.17%. The company had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. On average, research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

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.