Steward Partners Investment Advisory LLC Decreases Position in Zillow Group, Inc. (NASDAQ:Z)

Steward Partners Investment Advisory LLC lowered its stake in shares of Zillow Group, Inc. (NASDAQ:ZGet Rating) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,884 shares of the financial services provider’s stock after selling 440 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Zillow Group were worth $142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Arkadios Wealth Advisors boosted its holdings in Zillow Group by 32.7% in the 1st quarter. Arkadios Wealth Advisors now owns 38,111 shares of the financial services provider’s stock worth $1,878,000 after buying an additional 9,385 shares during the period. All Season Financial Advisors Inc. bought a new position in Zillow Group in the 1st quarter valued at $215,000. Park Avenue Securities LLC boosted its holdings in Zillow Group by 23.5% in the 1st quarter. Park Avenue Securities LLC now owns 12,287 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 2,335 shares during the period. Greencape Capital Pty Ltd boosted its holdings in Zillow Group by 41.2% in the 1st quarter. Greencape Capital Pty Ltd now owns 1,337,700 shares of the financial services provider’s stock valued at $65,935,000 after purchasing an additional 390,600 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Zillow Group by 1,400.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 37,500 shares of the financial services provider’s stock valued at $1,848,000 after purchasing an additional 35,000 shares during the period. 74.81% of the stock is owned by institutional investors.

Zillow Group Price Performance

Z stock opened at $35.28 on Tuesday. The firm’s 50-day moving average price is $35.26 and its two-hundred day moving average price is $44.37. Zillow Group, Inc. has a 12-month low of $28.61 and a 12-month high of $111.67. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of -15.89 and a beta of 1.44. The company has a current ratio of 3.98, a quick ratio of 3.57 and a debt-to-equity ratio of 0.34.

Zillow Group (NASDAQ:ZGet Rating) last announced its earnings results on Thursday, May 5th. The financial services provider reported $0.19 earnings per share for the quarter. The firm had revenue of $4.26 billion for the quarter. Zillow Group had a negative net margin of 5.04% and a negative return on equity of 7.61%.

Insider Buying and Selling

In related news, CFO Allen Parker sold 6,755 shares of the business’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $41.20, for a total transaction of $278,306.00. Following the sale, the chief financial officer now owns 154,260 shares of the company’s stock, valued at $6,355,512. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Allen Parker sold 6,755 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $41.20, for a total value of $278,306.00. Following the transaction, the chief financial officer now owns 154,260 shares in the company, valued at $6,355,512. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeremy Wacksman sold 4,785 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $35.00, for a total transaction of $167,475.00. Following the completion of the transaction, the chief operating officer now owns 43,132 shares in the company, valued at approximately $1,509,620. The disclosure for this sale can be found here. Insiders have sold 28,641 shares of company stock valued at $1,146,023 over the last quarter. Corporate insiders own 15.30% of the company’s stock.

Analyst Upgrades and Downgrades

Z has been the subject of several analyst reports. Piper Sandler cut their price target on shares of Zillow Group from $57.00 to $39.00 in a report on Friday, May 6th. Morgan Stanley lowered their price objective on shares of Zillow Group from $54.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 21st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.50.

Zillow Group Profile

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Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

Further Reading

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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