Park Avenue Securities LLC Reduces Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Park Avenue Securities LLC lessened its position in shares of Zillow Group, Inc. (NASDAQ:ZGet Rating) by 8.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,583 shares of the financial services provider’s stock after selling 1,036 shares during the quarter. Park Avenue Securities LLC’s holdings in Zillow Group were worth $331,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in Z. Raymond James Financial Services Advisors Inc. raised its holdings in Zillow Group by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,595 shares of the financial services provider’s stock valued at $1,262,000 after buying an additional 1,839 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Zillow Group by 38.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,878 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 2,746 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Zillow Group during the 1st quarter worth approximately $531,000. Great West Life Assurance Co. Can increased its holdings in Zillow Group by 52.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 102,746 shares of the financial services provider’s stock valued at $5,368,000 after purchasing an additional 35,379 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Zillow Group by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 671,137 shares of the financial services provider’s stock valued at $33,103,000 after purchasing an additional 9,463 shares during the period. 68.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on Z. Bank of America raised Zillow Group from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $22.00 to $42.00 in a research note on Monday, January 9th. Jefferies Financial Group dropped their target price on Zillow Group from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, October 6th. Finally, Morgan Stanley increased their price target on shares of Zillow Group from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 18th.

Zillow Group Price Performance

NASDAQ:Z opened at $43.16 on Monday. Zillow Group, Inc. has a 12-month low of $26.14 and a 12-month high of $65.88. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $36.66 and a 200 day moving average price of $34.53.

Zillow Group (NASDAQ:ZGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter. Zillow Group had a negative net margin of 3.01% and a negative return on equity of 3.16%. The company had revenue of $483.00 million during the quarter.

Insiders Place Their Bets

In other Zillow Group news, CAO Jennifer Rock sold 2,600 shares of the firm’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $38.34, for a total value of $99,684.00. Following the sale, the chief accounting officer now directly owns 62,161 shares in the company, valued at $2,383,252.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Jennifer Rock sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $38.34, for a total value of $99,684.00. Following the completion of the transaction, the chief accounting officer now directly owns 62,161 shares of the company’s stock, valued at $2,383,252.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeremy Wacksman sold 3,799 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $35.00, for a total transaction of $132,965.00. Following the sale, the chief operating officer now directly owns 65,159 shares in the company, valued at approximately $2,280,565. The disclosure for this sale can be found here. Insiders sold 71,339 shares of company stock worth $2,537,000 in the last 90 days. Corporate insiders own 15.30% of the company’s stock.

Zillow Group Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:ZGet Rating).

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

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.