Proficio Capital Partners LLC Takes $7.38 Million Position in Zillow Group, Inc. (NASDAQ:Z)

Proficio Capital Partners LLC purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 99,597 shares of the financial services provider’s stock, valued at approximately $7,375,000.

A number of other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after buying an additional 137 shares during the last quarter. Savant Capital LLC raised its holdings in Zillow Group by 2.7% during the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 179 shares in the last quarter. True Vision MN LLC raised its holdings in Zillow Group by 2.6% during the fourth quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 186 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 245 shares in the last quarter. Finally, Mirador Capital Partners LP raised its holdings in Zillow Group by 1.5% during the fourth quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock worth $1,478,000 after purchasing an additional 292 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling

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

Zillow Group Stock Performance

Zillow Group stock opened at $70.58 on Monday. The firm has a market cap of $17.12 billion, a price-to-earnings ratio of -150.17, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The firm’s 50 day moving average price is $77.74 and its two-hundred day moving average price is $72.05.

Zillow Group (NASDAQ:Z) last announced its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Z has been the topic of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft boosted their target price on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley boosted their target price on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.00.

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.