West Michigan Advisors LLC Purchases Shares of 3,814 Zillow Group, Inc. (NASDAQ:Z)

West Michigan Advisors LLC bought a new position in Zillow Group, Inc. (NASDAQ:Z - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,814 shares of the financial services provider's stock, valued at approximately $282,000.

Several other institutional investors have also modified their holdings of Z. Blue Trust Inc. lifted its holdings in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 137 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Zillow Group in the 3rd quarter valued at $74,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 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 purchasing an additional 579 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings 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 3rd quarter worth about $128,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on Z. Needham & Company LLC reissued a "hold" rating on shares of Zillow Group in a research note on Wednesday, February 12th. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. KeyCorp upgraded shares of Zillow Group from a "hold" rating to a "strong-buy" rating in a report on Sunday, February 2nd. Finally, Morgan Stanley boosted their price target 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. Five 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.00.

Remove Ads

Insiders Place Their Bets

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % 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 company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the transaction, the chief accounting officer now directly owns 57,166 shares in the company, valued at approximately $4,732,201.48. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,098 shares of company stock worth $7,911,237. 23.76% of the stock is owned by insiders.

Zillow Group Price Performance

Shares of Z stock traded up $2.48 during trading hours on Wednesday, hitting $76.91. The stock had a trading volume of 2,253,387 shares, compared to its average volume of 3,471,326. The firm has a market capitalization of $18.66 billion, a PE ratio of -163.64, a PEG ratio of 9.24 and a beta of 2.03. The stock's 50 day moving average is $78.16 and its 200 day moving average is $71.10. 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 announced its 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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.