G&S Capital LLC Purchases Shares of 14,614 Zillow Group, Inc. (NASDAQ:Z)

G&S Capital LLC acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,614 shares of the financial services provider's stock, valued at approximately $1,082,000.

Other hedge funds also recently made changes to their positions in the company. abrdn plc grew its stake in Zillow Group by 98.0% in the third quarter. abrdn plc now owns 48,990 shares of the financial services provider's stock worth $3,128,000 after purchasing an additional 24,247 shares in the last quarter. IVY Lane Capital Management LLC raised its holdings in shares of Zillow Group by 35.0% during the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider's stock valued at $8,620,000 after buying an additional 35,000 shares during the last quarter. Donoghue Forlines LLC bought a new stake in Zillow Group during the 4th quarter valued at $1,932,000. Thrivent Financial for Lutherans bought a new stake in shares of Zillow Group during the third quarter valued at about $6,267,000. Finally, Friedenthal Financial bought a new stake in shares of Zillow Group during the 4th quarter worth about $754,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on Z. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research note on Sunday, February 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group increased their price objective on Zillow Group from $80.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and a consensus target price of $82.00.

Zillow Group Price Performance

Zillow Group stock traded up $1.26 during trading hours on Monday, hitting $79.97. 2,516,526 shares of the stock were exchanged, compared to its average volume of 2,204,552. The stock has a market capitalization of $18.68 billion, a P/E ratio of -140.30, a P/E/G ratio of 16.20 and a beta of 2.03. The business's 50-day moving average is $78.64 and its two-hundred day moving average is $68.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS 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%. Equities research analysts expect that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 17,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total value of $1,250,690.00. Following the transaction, the insider now owns 22,739 shares of the company's stock, valued at approximately $1,672,908.23. This trade represents a 42.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Rock sold 3,033 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the sale, the chief accounting officer now directly owns 57,166 shares of the company's stock, valued at approximately $4,732,201.48. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,838 shares of company stock worth $6,619,079 in the last quarter. Insiders own 23.76% of the company's stock.

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.