Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Arlington Partners LLC

Arlington Partners LLC boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 6.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,204 shares of the financial services provider’s stock after buying an additional 4,184 shares during the period. Zillow Group makes up approximately 1.8% of Arlington Partners LLC’s investment portfolio, making the stock its 10th largest position. Arlington Partners LLC’s holdings in Zillow Group were worth $4,546,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of Z. TriaGen Wealth Management LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $287,000. Blue Trust Inc. lifted its position in shares of 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 buying an additional 313 shares during the last quarter. Accurate Wealth Management LLC boosted its stake in Zillow Group by 23.4% in the third quarter. Accurate Wealth Management LLC now owns 22,816 shares of the financial services provider’s stock valued at $1,446,000 after buying an additional 4,325 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Zillow Group in the third quarter valued at about $35,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Zillow Group by 45.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,699 shares of the financial services provider’s stock worth $1,130,000 after acquiring an additional 5,563 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 2,991 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total value of $159,061.38. Following the transaction, the insider now directly owns 70,342 shares of the company’s stock, valued at approximately $3,740,787.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Lloyd D. Frink sold 150,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the transaction, the chairman now directly owns 582 shares of the company’s stock, valued at $29,583.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dan Spaulding sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total transaction of $159,061.38. Following the transaction, the insider now directly owns 70,342 shares in the company, valued at $3,740,787.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,999 shares of company stock valued at $11,780,363. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Stock Down 2.6 %

NASDAQ Z traded down $1.65 on Monday, hitting $62.06. 676,576 shares of the company were exchanged, compared to its average volume of 3,777,177. The company has a market cap of $14.66 billion, a PE ratio of -92.33 and a beta of 1.95. Zillow Group, Inc. has a 12 month low of $33.80 and a 12 month high of $68.73. The stock has a fifty day moving average of $59.44 and a 200-day moving average of $50.24. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. The business had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. As a group, analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on Z. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Bank of America increased their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday. UBS Group upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.83.

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.