Arkadios Wealth Advisors Has $3.63 Million Holdings in Zillow Group, Inc. (NASDAQ:Z)

Arkadios Wealth Advisors boosted its stake in Zillow Group, Inc. (NASDAQ:Z) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,042 shares of the financial services provider’s stock after purchasing an additional 7,612 shares during the quarter. Arkadios Wealth Advisors’ holdings in Zillow Group were worth $3,632,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Zillow Group during the third quarter worth about $35,000. Blue Trust Inc. raised its stake in Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 313 shares in the last quarter. Quarry LP acquired a new position in Zillow Group during the second quarter worth about $61,000. Finally, Brooklyn Investment Group acquired a new position in Zillow Group during the third quarter worth about $74,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Jefferies Financial Group upped their price objective on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley upped their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus price target of $72.83.

Zillow Group Trading Up 1.8 %

Shares of Zillow Group stock opened at $77.86 on Friday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88. The stock has a 50 day moving average price of $77.75 and a two-hundred day moving average price of $63.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Insider Transactions at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 3,033 shares of Zillow Group stock in a transaction on Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the transaction, the chief accounting officer now directly owns 57,166 shares of the company’s stock, valued at $4,732,201.48. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,689 shares of company stock valued at $10,395,879 over the last three months. Corporate insiders own 23.76% of the company’s stock.

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.