Private Advisor Group LLC Invests $204,000 in Zillow Group, Inc. (NASDAQ:Z)

Private Advisor Group LLC bought a new position in Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 3,190 shares of the financial services provider’s stock, valued at approximately $204,000.

A number of other large investors also recently bought and sold shares of Z. Dorsal Capital Management LP lifted its position in Zillow Group by 59.8% during the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after acquiring an additional 1,160,000 shares during the period. Natixis purchased a new position in Zillow Group during the 1st quarter valued at about $41,129,000. Coronation Fund Managers Ltd. lifted its position in Zillow Group by 238.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after acquiring an additional 609,575 shares during the period. Capital World Investors lifted its position in Zillow Group by 2.8% during the 1st quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after acquiring an additional 238,554 shares during the period. Finally, Swedbank AB purchased a new position in Zillow Group during the 1st quarter valued at about $9,103,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Shares of Z stock opened at $73.89 on Friday. The company has a 50 day moving average price of $61.57 and a 200-day moving average price of $51.97. Zillow Group, Inc. has a 52 week low of $35.44 and a 52 week high of $74.55. The firm has a market capitalization of $17.10 billion, a PE ratio of -129.63 and a beta of 1.95. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results 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 net margin of 6.17% and a negative return on equity of 2.34%. The firm had revenue of $572.00 million during the quarter, compared to analyst estimates of $539.74 million. As a group, equities research analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Insider Transactions at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the transaction, the director now owns 2,826 shares of the company’s stock, valued at approximately $172,696.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the firm’s 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 approximately $379,983.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,596 shares of company stock worth $3,938,581 over the last three months. 23.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of analyst reports. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Bank of America raised their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.33.

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.