TKG Advisors LLC Invests $5.41 Million in Zillow Group, Inc. (NASDAQ:Z)

TKG Advisors LLC purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 67,608 shares of the financial services provider's stock, valued at approximately $5,409,000. Zillow Group makes up about 2.5% of TKG Advisors LLC's investment portfolio, making the stock its 14th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Zillow Group during the third quarter worth about $35,000. Blue Trust Inc. lifted its stake in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 313 shares during the period. Brooklyn Investment Group bought a new stake in shares of Zillow Group during the 3rd quarter valued at about $74,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Zillow Group by 86.3% during 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 purchasing an additional 579 shares in the last quarter. Finally, 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 worth $120,000 after purchasing an additional 245 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Z has been the subject of several research analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley boosted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Needham & Company LLC restated a "hold" rating on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and a consensus price target of $82.00.

Zillow Group Stock Performance

Zillow Group stock traded down $3.43 during midday trading on Friday, reaching $74.91. 2,977,021 shares of the stock were exchanged, compared to its average volume of 2,879,646. The company's fifty day moving average is $78.49 and its 200-day moving average is $69.32. The firm has a market cap of $17.50 billion, a PE ratio of -159.38, a PEG ratio of 9.42 and a beta of 2.03. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week 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 the consensus estimate 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%. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 7,175 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $85.36, for a total value of $612,458.00. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,481,540.32. The trade was a 6.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 3,033 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the sale, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,838 shares of company stock worth $4,617,389 in the last ninety days. 23.76% of the stock is owned by company insiders.

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.