Zillow Group, Inc. (NASDAQ:Z) Stock Position Lifted by Garde Capital Inc.

Garde Capital Inc. grew its stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) by 60.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 310,247 shares of the financial services provider's stock after purchasing an additional 116,340 shares during the quarter. Zillow Group makes up 1.0% of Garde Capital Inc.'s holdings, making the stock its 23rd biggest position. Garde Capital Inc. owned about 0.13% of Zillow Group worth $14,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concord Wealth Partners purchased a new stake in shares of Zillow Group in the 1st quarter valued at $26,000. Larson Financial Group LLC raised its position in Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 481 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Zillow Group during the 1st quarter worth approximately $37,000. Quarry LP acquired a new stake in shares of Zillow Group in the 2nd quarter valued at $61,000. Finally, Mather Group LLC. purchased a new stake in shares of Zillow Group during the 1st quarter worth $62,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on Z. Craig Hallum raised Zillow Group to a "strong-buy" rating in a report on Thursday, August 8th. Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of Zillow Group in a report on Thursday, August 8th. Cantor Fitzgerald raised Zillow Group to a "hold" rating in a report on Thursday, September 5th. Finally, UBS Group raised Zillow Group to a "strong-buy" rating in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $63.20.

Zillow Group Stock Down 2.2 %

Z stock traded down $1.43 during trading on Monday, reaching $64.05. 1,185,070 shares of the stock traded hands, compared to its average volume of 3,843,758. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group, Inc. has a 52-week low of $33.80 and a 52-week high of $68.73. The business's 50 day moving average price is $54.88 and its 200-day moving average price is $48.81.

Zillow Group (NASDAQ:Z - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The firm had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. On average, equities research analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 4,050 shares of Zillow Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now directly owns 79,694 shares of the company's stock, valued at approximately $3,923,335.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of the business's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the sale, the chief accounting officer now directly owns 79,694 shares in the company, valued at approximately $3,923,335.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeremy Wacksman sold 4,480 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $52.83, for a total transaction of $236,678.40. Following the sale, the chief executive officer now owns 174,439 shares in the company, valued at $9,215,612.37. The disclosure for this sale can be found here. Insiders sold a total of 221,999 shares of company stock valued at $11,780,363 in the last ninety days. Corporate insiders own 23.76% of the company's stock.

About Zillow Group

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.