Hillman Co. Makes New Investment in Zillow Group, Inc. (NASDAQ:Z)

Hillman Co. acquired a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 185,196 shares of the financial services provider’s stock, valued at approximately $11,825,000. Zillow Group comprises approximately 5.2% of Hillman Co.’s holdings, making the stock its 9th largest position. Hillman Co. owned approximately 0.08% of Zillow Group as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt grew its position in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 400 shares during the period. Concord Wealth Partners bought a new position in Zillow Group during the first quarter valued at about $26,000. V Square Quantitative Management LLC bought a new position in Zillow Group during the third quarter valued at about $35,000. Larson Financial Group LLC grew its position in Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in Zillow Group during the first quarter valued at about $37,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Trading Down 3.2 %

Z stock traded down $2.04 during midday trading on Tuesday, reaching $60.90. The company’s stock had a trading volume of 711,465 shares, compared to its average volume of 3,770,778. 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 fifty day simple moving average of $59.68 and a two-hundred day simple moving average of $50.35. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $68.73. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of -90.13 and a beta of 1.95.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (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 business had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. On average, equities research analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Bank of America raised their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

Insider Activity at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 752 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the completion of the sale, the general counsel now owns 35,259 shares of the company’s stock, valued at approximately $1,873,310.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total transaction of $159,061.38. Following the completion of the transaction, the insider now directly owns 70,342 shares in the company, valued at approximately $3,740,787.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Bradley D. Owens sold 752 shares of Zillow Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total value of $39,953.76. Following the transaction, the general counsel now owns 35,259 shares of the company’s stock, valued at approximately $1,873,310.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock valued at $11,780,363 over the last quarter. 23.76% of the stock is owned by corporate insiders.

About Zillow Group

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.