Park Avenue Securities LLC Sells 340 Shares of Zillow Group, Inc. (NASDAQ:Z)

Park Avenue Securities LLC lowered its holdings in Zillow Group, Inc. (NASDAQ:Z) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,201 shares of the financial services provider’s stock after selling 340 shares during the quarter. Park Avenue Securities LLC’s holdings in Zillow Group were worth $498,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wedmont Private Capital raised its holdings in shares of Zillow Group by 1.9% in the 1st quarter. Wedmont Private Capital now owns 24,920 shares of the financial services provider’s stock valued at $1,196,000 after purchasing an additional 468 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Zillow Group in the 1st quarter valued at about $62,000. Newbridge Financial Services Group Inc. grew its position in shares of Zillow Group by 77.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,415 shares of the financial services provider’s stock worth $82,000 after buying an additional 618 shares during the last quarter. True Vision MN LLC purchased a new position in shares of Zillow Group in the 4th quarter worth approximately $442,000. Finally, Bridgefront Capital LLC purchased a new position in shares of Zillow Group in the 4th quarter worth approximately $439,000. Institutional investors own 71.01% of the company’s stock.

Insider Activity at Zillow Group

In related news, insider Susan Daimler sold 5,907 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total value of $282,000.18. Following the completion of the transaction, the insider now directly owns 29,665 shares in the company, valued at approximately $1,416,207.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Zillow Group news, General Counsel Bradley D. Owens sold 1,373 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total transaction of $60,617.95. Following the completion of the transaction, the general counsel now directly owns 40,194 shares in the company, valued at $1,774,565.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Daimler sold 5,907 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the transaction, the insider now owns 29,665 shares of the company’s stock, valued at $1,416,207.10. The disclosure for this sale can be found here. Insiders sold a total of 60,041 shares of company stock worth $2,637,477 in the last three months. Company insiders own 23.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on Z. Wedbush cut their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd. JPMorgan Chase & Co. cut their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.20.

Zillow Group Stock Down 0.9 %

NASDAQ:Z opened at $46.39 on Friday. The company has a market cap of $10.96 billion, a PE ratio of -67.23 and a beta of 1.95. Zillow Group, Inc. has a twelve month low of $33.80 and a twelve month high of $61.13. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $43.64 and its two-hundred day moving average is $49.93.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.42). The business had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same period last year, the company earned ($0.06) earnings per share. Analysts anticipate that Zillow Group, Inc. will post -0.4 EPS 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.