Level Four Advisory Services LLC Purchases 1,453 Shares of Zillow Group, Inc. (NASDAQ:Z)

Level Four Advisory Services LLC raised its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,678 shares of the financial services provider’s stock after buying an additional 1,453 shares during the period. Level Four Advisory Services LLC’s holdings in Zillow Group were worth $3,308,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Zillow Group by 1.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,532 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 116 shares in the last quarter. Independent Advisor Alliance raised its stake in Zillow Group by 3.4% in the fourth quarter. Independent Advisor Alliance now owns 3,620 shares of the financial services provider’s stock valued at $268,000 after buying an additional 120 shares during the last quarter. Blue Trust Inc. boosted its holdings in Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 137 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Zillow Group by 2.7% during the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock valued at $503,000 after acquiring an additional 179 shares in the last quarter. Finally, True Vision MN LLC increased its holdings in shares of Zillow Group by 2.6% during the fourth quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock valued at $550,000 after acquiring an additional 186 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Insider Activity at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,919 shares of company stock worth $7,869,478. 23.76% of the stock is owned by company insiders.

Zillow Group Stock Down 2.3 %

Shares of Z stock opened at $68.74 on Friday. The stock has a market cap of $16.67 billion, a PE ratio of -146.26, a price-to-earnings-growth ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The business has a 50-day simple moving average of $77.28 and a 200-day simple moving average of $72.96.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Z has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley raised their target price 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. Keefe, Bruyette & Woods began coverage on Zillow Group in a research note on Friday. They set a “market perform” rating and a $80.00 price target on the stock. Finally, Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

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.