Ieq Capital LLC Increases Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Ieq Capital LLC grew its holdings in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 40.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,323 shares of the financial services provider's stock after purchasing an additional 8,489 shares during the period. Ieq Capital LLC's holdings in Zillow Group were worth $2,171,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock worth $50,000 after purchasing an additional 313 shares during the period. Brooklyn Investment Group bought a new position in shares of Zillow Group in the third quarter valued at approximately $74,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider's stock valued at $94,000 after acquiring an additional 579 shares during the period. Rosenberg Matthew Hamilton grew its stake in Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock valued at $120,000 after acquiring an additional 245 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new position in shares of Zillow Group in the third quarter worth $128,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Z has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a research report on Sunday, February 2nd. Morgan Stanley upped their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Finally, Baird R W raised shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Five 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. According to data from MarketBeat, Zillow Group has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

Remove Ads

Zillow Group Stock Down 2.6 %

Z traded down $2.01 during trading on Thursday, hitting $76.32. The company's stock had a trading volume of 2,423,722 shares, compared to its average volume of 2,856,327. The business's 50 day simple moving average is $78.24 and its 200-day simple moving average is $70.35. The firm has a market cap of $18.51 billion, a PE ratio of -162.38, a P/E/G ratio of 9.24 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 (NASDAQ:Z - Get Free Report) last issued its quarterly earnings results 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 2.12% and a negative net margin of 5.01%. Equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 4,565 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the sale, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jun Choo sold 1,277 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,663 shares of company stock valued at $4,004,931 over the last ninety days. 23.76% of the stock is currently owned by company insiders.

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.