Symmetry Investments LP Invests $464,000 in Zillow Group, Inc. (NASDAQ:Z)

Symmetry Investments LP acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the financial services provider’s stock, valued at approximately $464,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners bought a new position in shares of Zillow Group during the 1st quarter worth about $26,000. Larson Financial Group LLC lifted 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 acquiring an additional 481 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Zillow Group in the 1st quarter valued at about $37,000. Principal Securities Inc. bought a new position in Zillow Group in the 4th quarter valued at about $53,000. Finally, Mather Group LLC. bought a new position in Zillow Group in the 1st quarter valued at about $62,000. Institutional investors own 71.01% of the company’s stock.

Insider Activity at Zillow Group

In related news, insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total value of $159,061.38. Following the completion of the transaction, the insider now directly owns 70,342 shares in the company, valued at approximately $3,740,787.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Zillow Group news, insider Susan Daimler sold 3,484 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total value of $188,763.12. Following the completion of the transaction, the insider now directly owns 22,464 shares of the company’s stock, valued at approximately $1,217,099.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dan Spaulding sold 2,991 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total transaction of $159,061.38. Following the completion of the transaction, the insider now directly owns 70,342 shares of the company’s stock, valued at $3,740,787.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 221,999 shares of company stock worth $11,780,363. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Trading Down 1.1 %

Shares of Z stock opened at $67.09 on Friday. The company has a 50 day moving average of $53.47 and a 200-day moving average of $48.53. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $68.73. The firm has a market cap of $15.85 billion, a P/E ratio of -97.23 and a beta of 1.94.

Zillow Group (NASDAQ:Z) last issued 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 company had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 million. Sell-side analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on Z. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.20.

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.