Zillow Group, Inc. (NASDAQ:Z) Stake Increased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its holdings in Zillow Group, Inc. (NASDAQ:Z) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,432 shares of the financial services provider’s stock after purchasing an additional 686 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Zillow Group were worth $254,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth $7,375,000. IVY Lane Capital Management LLC raised its holdings in shares of Zillow Group by 35.0% during the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock worth $8,620,000 after acquiring an additional 35,000 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth $1,932,000. Thrivent Financial for Lutherans purchased a new stake in shares of Zillow Group during the third quarter worth $6,267,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Zillow Group by 18.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock worth $3,267,000 after acquiring an additional 6,900 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Up 3.2 %

Shares of Z opened at $70.58 on Friday. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of -150.17, a P/E/G ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The company has a 50-day moving average price of $77.82 and a two-hundred day moving average price of $71.74.

Zillow Group (NASDAQ:Z) last announced its quarterly 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 return on equity of 2.12% and a negative net margin of 5.01%. Equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,065 shares of company stock worth $7,660,165. Insiders own 23.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on Z shares. Deutsche Bank Aktiengesellschaft raised their target price on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley raised their target price on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.00.

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.