2 weeks Ago By ABMN Staff
Mark Asset Management LP purchased a new stake in Zillow Group, Inc. ( NASDAQ:Z – Free Report ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 60,220 shares of the financial services provider’s stock, valued at approximately $2,794,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Concord Wealth Partners acquired a new stake in shares of Zillow Group during the 1st quarter valued at $26,000. Larson Financial Group LLC boosted its holdings in shares of 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 acquiring an additional 481 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Zillow Group during the 1st quarter valued at $37,000.
Mather Group LLC. acquired a new stake in shares of Zillow Group during the 1st quarter valued at $62,000. Finally, Newbridge Financial Services Group Inc.
boosted its holdings in shares of Zillow Group by 77.5% during the 4th quarter. Newbridge Financial Services Group Inc.
now owns 1,415 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 618 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.
Analyst Upgrades and Downgrades Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Zillow Group from $55.
00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th.
UBS Group raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $50.00 to $80.
00 in a report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.20. Insider Transactions at Zillow Group In related news, CAO Jennifer Rock sold 4,050 shares of the company’s stock in a transaction that occurred on Thursday, August 8th.
The stock was sold at an average price of $49.23, for a total value of $199,381.50.
Following the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website .
In related news, Chairman Lloyd D. Frink sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.
83, for a total value of $7,624,500.00. Following the transaction, the chairman now owns 582 shares in the company, valued at $29,583.
06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . Also, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction on Thursday, August 8th.
The stock was sold at an average price of $49.23, for a total value of $199,381.50.
Following the sale, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. The disclosure for this sale can be found here .
Insiders have sold 221,999 shares of company stock worth $11,780,363 in the last 90 days. Insiders own 23.76% of the company’s stock.
Zillow Group Stock Performance Shares of Z opened at $65.53 on Friday. The company has a debt-to-equity ratio of 0.
11, a quick ratio of 2.12 and a current ratio of 2.12.
The stock has a 50 day moving average price of $54.58 and a two-hundred day moving average price of $48.85.
The firm has a market capitalization of $15.48 billion, a P/E ratio of -94.97 and a beta of 1.
94. Zillow Group, Inc. has a 52 week low of $33.
80 and a 52 week high of $68.73. Zillow Group ( NASDAQ:Z – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 7th.
The financial services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.
13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.
81%. The firm had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.
74 million. Equities analysts forecast that Zillow Group, Inc. will post -0.
33 earnings per share for the current fiscal year. Zillow Group Company Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter .
.
