Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its stake in Zillow Group, Inc. (NASDAQ:Z) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,233 shares of the financial services provider’s stock after purchasing an additional 348 shares during the period. Summit Trail Advisors LLC’s holdings in Zillow Group were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in Z. FMR LLC raised its holdings in shares of Zillow Group by 179.5% during the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after buying an additional 3,272,118 shares during the last quarter. Ninety One UK Ltd increased its position in Zillow Group by 3.2% in the 4th quarter. Ninety One UK Ltd now owns 3,617,761 shares of the financial services provider’s stock valued at $267,895,000 after acquiring an additional 111,231 shares during the period. Groupama Asset Managment bought a new stake in Zillow Group during the 3rd quarter valued at $83,005,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Zillow Group during the 3rd quarter worth $38,310,000. Finally, Bridgewater Associates LP grew its stake in shares of Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after purchasing an additional 424,615 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, General Counsel Bradley D. Owens sold 1,846 shares of Zillow Group stock in a transaction on Friday, November 15th. The stock was sold at an average price of $73.03, for a total transaction of $134,813.38. Following the transaction, the general counsel now owns 29,893 shares in the company, valued at approximately $2,183,085.79. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Errol G. Samuelson sold 17,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total value of $1,250,690.00. Following the completion of the sale, the insider now directly owns 22,739 shares of the company’s stock, valued at approximately $1,672,908.23. This represents a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,730 shares of company stock valued at $10,896,034. 23.76% of the stock is owned by corporate insiders.

Zillow Group Stock Performance

Zillow Group stock opened at $86.32 on Wednesday. Zillow Group, Inc. has a 1 year low of $38.45 and a 1 year high of $89.39. The firm’s 50 day moving average price is $78.82 and its two-hundred day moving average price is $68.06. 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 (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Sell-side analysts forecast that Zillow Group, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted 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 note on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Jefferies Financial Group raised their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.67.

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.