Creative Planning Purchases 4,217 Shares of Zillow Group, Inc. (NASDAQ:Z)

Creative Planning increased its position in Zillow Group, Inc. (NASDAQ:Z) by 29.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,581 shares of the financial services provider’s stock after acquiring an additional 4,217 shares during the period. Creative Planning’s holdings in Zillow Group were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of Z. Algert Global LLC bought a new stake in Zillow Group during the second quarter valued at approximately $564,000. Scientech Research LLC bought a new stake in shares of Zillow Group during the 2nd quarter valued at $315,000. Shellback Capital LP purchased a new stake in shares of Zillow Group in the 2nd quarter worth $2,320,000. Mark Asset Management LP bought a new position in Zillow Group in the 2nd quarter worth $2,794,000. Finally, MBB Public Markets I LLC purchased a new position in Zillow Group during the second quarter valued at $499,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In related news, General Counsel Bradley D. Owens sold 752 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the completion of the sale, the general counsel now directly owns 35,259 shares in the company, valued at $1,873,310.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 752 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total transaction of $39,953.76. Following the completion of the sale, the general counsel now directly owns 35,259 shares of the company’s stock, valued at $1,873,310.67. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock worth $11,780,363 over the last ninety days. Company insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on Z shares. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Finally, Morgan Stanley boosted their price objective on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $67.20.

Zillow Group Trading Up 3.5 %

Shares of Z stock opened at $62.75 on Friday. The stock’s 50-day moving average price is $57.68 and its 200-day moving average price is $49.70. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $68.73. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of -102.87 and a beta of 1.95. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share 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 for the quarter, compared to analysts’ expectations of $539.74 million. Equities research analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current fiscal 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.