Fairvoy Private Wealth LLC Invests $803,000 in Zillow Group, Inc. (NASDAQ:Z)

Fairvoy Private Wealth LLC bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,842 shares of the financial services provider's stock, valued at approximately $803,000.

A number of other hedge funds and other institutional investors have also modified their holdings of Z. Creative Planning grew its stake in Zillow Group by 29.4% in the second quarter. Creative Planning now owns 18,581 shares of the financial services provider's stock valued at $862,000 after purchasing an additional 4,217 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Zillow Group in the second quarter valued at approximately $319,000. Atomi Financial Group Inc. grew its position in Zillow Group by 16.3% in the third quarter. Atomi Financial Group Inc. now owns 13,936 shares of the financial services provider's stock worth $890,000 after acquiring an additional 1,951 shares in the last quarter. Private Advisory Group LLC acquired a new position in shares of Zillow Group during the 3rd quarter worth $5,079,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Ratings Changes

Z has been the topic of a number of research analyst reports. Bank of America raised their target price on Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Morgan Stanley raised their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Jefferies Financial Group raised their price target on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Five equities 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.83.

Insider Activity

In other news, CAO Jennifer Rock sold 3,187 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00. Following the transaction, the chief accounting officer now directly owns 69,649 shares of the company's stock, valued at approximately $5,154,026. This trade represents a 4.38 % 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 hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock valued at $12,520,379 over the last ninety days. 23.76% of the stock is currently owned by company insiders.

Zillow Group Stock Performance

Shares of Z traded down $1.55 during midday trading on Tuesday, reaching $86.42. The stock had a trading volume of 1,877,109 shares, compared to its average volume of 2,320,578. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $78.77 and a 200-day simple moving average of $67.80. The firm has a market cap of $20.18 billion, a PE ratio of -151.61, a P/E/G ratio of 16.20 and a beta of 2.03. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $89.39.

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.