Friedenthal Financial Invests $754,000 in Zillow Group, Inc. (NASDAQ:Z)

Friedenthal Financial purchased a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,185 shares of the financial services provider's stock, valued at approximately $754,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of Z. Brighton Jones LLC grew its holdings in shares of Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider's stock worth $444,000 after acquiring an additional 166 shares during the period. Arkadios Wealth Advisors grew its holdings in Zillow Group by 0.5% in the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider's stock valued at $2,645,000 after purchasing an additional 198 shares during the last quarter. Doliver Advisors LP increased its position in shares of Zillow Group by 3.3% in the third quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider's stock valued at $618,000 after buying an additional 310 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock worth $50,000 after buying an additional 313 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Zillow Group by 5.5% in the 3rd quarter. CIBC Asset Management Inc now owns 6,076 shares of the financial services provider's stock worth $388,000 after buying an additional 318 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Activity

In other news, General Counsel Bradley D. Owens sold 1,212 shares of the 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 completion of the transaction, the general counsel now owns 31,739 shares of the company's stock, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Dan Spaulding sold 4,565 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares of the company's stock, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,689 shares of company stock valued at $10,395,879. 23.76% of the stock is currently owned by company insiders.

Zillow Group Stock Performance

Z traded down $0.40 on Monday, hitting $70.83. 3,451,938 shares of the company's stock were exchanged, compared to its average volume of 2,498,534. 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 stock has a fifty day moving average of $76.88 and a two-hundred day moving average of $63.05. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $86.88. The firm has a market cap of $16.54 billion, a PE ratio of -124.26 and a beta of 2.02.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Thursday, November 7th. Morgan Stanley increased their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday. Bank of America lifted their price objective on Zillow Group from $54.00 to $71.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Jefferies Financial Group increased 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. Finally, Wedbush upgraded Zillow Group from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Zillow Group currently has an average rating of "Moderate Buy" and an average target price of $72.83.

Zillow Group Company 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.