HighTower Advisors LLC Boosts Stake in Zillow Group, Inc. (NASDAQ:Z)

HighTower Advisors LLC raised its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 35.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,452 shares of the financial services provider's stock after purchasing an additional 6,174 shares during the period. HighTower Advisors LLC's holdings in Zillow Group were worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in Zillow Group by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider's stock worth $706,000 after purchasing an additional 116 shares in the last quarter. Independent Advisor Alliance increased its holdings in Zillow Group by 3.4% in the 4th quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider's stock worth $268,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. raised its position in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock worth $68,000 after purchasing an additional 137 shares during the last quarter. Savant Capital LLC lifted its position in shares of Zillow Group by 2.7% in the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider's stock valued at $503,000 after acquiring an additional 179 shares in the last quarter. Finally, True Vision MN LLC boosted its stake in Zillow Group by 2.6% during the 4th quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider's stock worth $550,000 after purchasing an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

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Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 55,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,065 shares of company stock worth $7,660,165. Insiders own 23.76% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on Z shares. Morgan Stanley increased their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp raised Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $82.00.

Zillow Group Stock Down 2.8 %

Z stock traded down $2.04 on Wednesday, reaching $71.52. 2,908,937 shares of the company's stock were exchanged, compared to its average volume of 3,307,803. The stock has a fifty day moving average of $77.59 and a 200-day moving average of $72.88. The firm has a market cap of $17.35 billion, a PE ratio of -152.17, a P/E/G ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a twelve month low of $38.45 and a twelve month high of $89.39.

Zillow Group (NASDAQ:Z - Get Free Report) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.