Park Avenue Securities LLC Raises Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Park Avenue Securities LLC increased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,247 shares of the financial services provider’s stock after buying an additional 1,324 shares during the period. Park Avenue Securities LLC’s holdings in Zillow Group were worth $759,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Zillow Group in the third quarter valued at $35,000. Blue Trust Inc. increased its position in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares in the last quarter. Quarry LP purchased a new stake in Zillow Group during the 2nd quarter worth about $61,000. Finally, Brooklyn Investment Group acquired a new stake in Zillow Group in the 3rd quarter worth about $74,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the transaction, the insider now directly owns 58,217 shares in the company, valued at approximately $5,019,469.74. The trade was a 7.27 % 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, CAO Jennifer Rock sold 3,187 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the transaction, the chief accounting officer now owns 69,649 shares in the company, valued at approximately $5,154,026. This represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,689 shares of company stock worth $10,395,879. Insiders own 23.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on Z shares. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Jefferies Financial Group boosted their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Morgan Stanley upped their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.83.

Zillow Group Trading Up 0.3 %

Z stock opened at $78.08 on Wednesday. The business has a fifty day moving average price of $77.87 and a 200 day moving average price of $64.50. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $86.88. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of -136.98, a P/E/G ratio of 13.33 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group Company 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.