3,814 Shares in Zillow Group, Inc. (NASDAQ:Z) Acquired by West Michigan Advisors LLC

West Michigan Advisors LLC bought a new position in Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, Holdings Channel.com reports. The fund bought 3,814 shares of the financial services provider’s stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares during the last quarter. Groupama Asset Managment bought a new stake in Zillow Group during the third quarter worth approximately $83,005,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Zillow Group during the third quarter worth approximately $38,310,000. Bridgewater Associates LP grew its position in Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after buying an additional 424,615 shares during the last quarter. Finally, Mackay Shields LLC bought a new position in shares of Zillow Group in the fourth quarter valued at $17,496,000. 71.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Z has been the subject of several research reports. Morgan Stanley raised their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Insider Buying and Selling

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were 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 $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the transaction, the chief technology officer now owns 151,046 shares in the company, valued at $11,743,826.50. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,098 shares of company stock worth $3,611,337. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of Z opened at $76.66 on Friday. The business’s 50-day moving average is $78.27 and its 200-day moving average is $70.57. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of -163.11, a P/E/G ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share 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%. Equities research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.