13,762 Shares in Zillow Group, Inc. (NASDAQ:Z) Bought by Udine Wealth Management Inc.

Udine Wealth Management Inc. acquired a new stake in Zillow Group, Inc. (NASDAQ:Z) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,762 shares of the financial services provider’s stock, valued at approximately $879,000. Zillow Group accounts for about 0.6% of Udine Wealth Management Inc.’s portfolio, making the stock its 28th largest holding.

Other hedge funds have also bought and sold shares of the company. Concord Wealth Partners bought a new position in Zillow Group in the 1st quarter valued at $26,000. Larson Financial Group LLC increased its stake in Zillow Group by 364.4% during the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Zillow Group in the 1st quarter worth about $37,000. Quarry LP purchased a new position in shares of Zillow Group in the second quarter worth approximately $61,000. Finally, Mather Group LLC. bought a new position in shares of Zillow Group in the first quarter worth approximately $62,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Up 2.5 %

Shares of Z opened at $62.26 on Wednesday. The firm has a market cap of $14.70 billion, a P/E ratio of -90.23 and a beta of 1.95. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $68.73. The firm’s 50-day simple moving average is $56.78 and its 200 day simple moving average is $49.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

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

Analyst Upgrades and Downgrades

Z has been the topic of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald upgraded Zillow Group to a “hold” rating in a research report on Thursday, September 5th. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Morgan Stanley increased their price target on shares of Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $67.20.

Insider Buying and Selling

In related news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 5,652 shares in the company, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Jennifer Rock sold 4,050 shares of Zillow Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The trade was 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 at the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction 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 completion of the sale, the director now owns 5,652 shares of the company’s stock, valued at $379,983.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,999 shares of company stock valued at $11,780,363 in the last 90 days. Company insiders own 23.76% of the company’s stock.

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.