10,757 Shares in Zillow Group, Inc. (NASDAQ:Z) Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,757 shares of the financial services provider’s stock, valued at approximately $499,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners bought a new stake in shares of Zillow Group during the first quarter valued at approximately $26,000. Larson Financial Group LLC grew its position in Zillow Group by 364.4% in the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after buying an additional 481 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Zillow Group in the first quarter worth approximately $37,000. Mather Group LLC. acquired a new position in Zillow Group in the first quarter worth approximately $62,000. Finally, Newbridge Financial Services Group Inc. grew its position in Zillow Group by 77.5% in the fourth 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. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on Z shares. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald raised shares of Zillow Group to a “hold” rating in a research report on Thursday, September 5th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.20.

Insider Activity at Zillow Group

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the transaction, the chairman now directly owns 582 shares of the company’s stock, valued at $29,583.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares in the company, valued at $379,983.96. The disclosure for this sale can be found here. Insiders sold a total of 221,999 shares of company stock valued at $11,780,363 over the last quarter. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $64.65 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of -93.70 and a beta of 1.94. Zillow Group, Inc. has a 1-year low of $33.80 and a 1-year high of $68.73. The firm’s 50-day moving average price is $55.12 and its two-hundred day moving average price is $48.87.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. The business had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. On average, equities analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

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.