TriaGen Wealth Management LLC Purchases 313 Shares of Zillow Group, Inc. (NASDAQ:Z)

TriaGen Wealth Management LLC boosted its position in Zillow Group, Inc. (NASDAQ:Z) by 7.0% during the fourth quarter, HoldingsChannel reports. The fund owned 4,804 shares of the financial services provider’s stock after buying an additional 313 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Zillow Group were worth $356,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Zillow Group by 179.5% during 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 in the last quarter. Groupama Asset Managment bought a new stake in shares of Zillow Group during the third quarter valued at about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Zillow Group in the third quarter worth about $38,310,000. Bridgewater Associates LP grew its stake in Zillow Group by 428.2% during the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after acquiring an additional 424,615 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Zillow Group by 0.7% in the 3rd quarter. Swiss National Bank now owns 466,834 shares of the financial services provider’s stock worth $29,807,000 after purchasing an additional 3,300 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Zillow Group Trading Down 2.0 %

Z stock opened at $82.22 on Friday. The company has a market capitalization of $19.20 billion, a PE ratio of -144.25, a price-to-earnings-growth ratio of 11.21 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $86.88. The company’s 50 day moving average price is $78.64 and its two-hundred day moving average price is $66.11.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on Z shares. Bank of America upped their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Jefferies Financial Group lifted their price target on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Baird R W raised Zillow Group to a “hold” rating in a report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Finally, Morgan Stanley raised their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Five research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.83.

Insider Activity at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 3,694 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the sale, the insider now owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This represents a 16.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dan Spaulding sold 4,565 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,689 shares of company stock valued at $12,520,379. 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.