SVB Wealth LLC Takes Position in Zillow Group, Inc. (NASDAQ:Z)

SVB Wealth LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,147 shares of the financial services provider's stock, valued at approximately $307,000.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. increased its position in 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 in the last quarter. Brooklyn Investment Group purchased a new stake in Zillow Group in the 3rd quarter worth approximately $74,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Zillow Group by 86.3% in the 4th 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 last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Zillow Group by 17.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider's stock worth $120,000 after purchasing an additional 245 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Zillow Group during the third quarter worth $128,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 23,388 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO David A. Beitel sold 2,025 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the transaction, the chief technology officer now owns 151,046 shares of the company's stock, valued at $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 96,065 shares of company stock worth $7,660,165. 23.76% of the stock is owned by company insiders.

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Zillow Group Stock Performance

Shares of NASDAQ Z traded up $1.49 during trading on Friday, reaching $75.56. The stock had a trading volume of 2,935,017 shares, compared to its average volume of 3,473,004. The stock has a market cap of $18.33 billion, a PE ratio of -160.77, 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. The firm's 50 day moving average price is $78.10 and its two-hundred day moving average price is $71.17.

Zillow Group (NASDAQ:Z - Get Free Report) last posted its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate 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, research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on Z shares. Baird R W raised shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $82.00.

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.