Zillow Group, Inc. (NASDAQ:Z) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in shares of Zillow Group, Inc. (NASDAQ:ZGet Rating) by 8.2% during the third quarter, HoldingsChannel.com 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.

Several other large investors also recently added to or reduced their stakes in Z. Zions Bancorporation N.A. boosted its position in shares of Zillow Group by 371.7% during the 1st quarter. Zions Bancorporation N.A. now owns 500 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 394 shares during the last quarter. Ellevest Inc. raised its stake in Zillow Group by 53.6% during the second quarter. Ellevest Inc. now owns 940 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 328 shares during the period. Eagle Bay Advisors LLC acquired a new position in Zillow Group in the 2nd quarter valued at about $36,000. Prudential PLC purchased a new stake in shares of Zillow Group in the 1st quarter valued at approximately $61,000. Finally, Captrust Financial Advisors grew its stake in shares of Zillow Group by 30.1% in the 2nd quarter. Captrust Financial Advisors now owns 1,996 shares of the financial services provider’s stock valued at $63,000 after buying an additional 462 shares during the period. 68.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zillow Group

In other Zillow Group news, CFO Allen Parker sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $35.31, for a total transaction of $353,100.00. Following the sale, the chief financial officer now owns 160,968 shares in the company, valued at approximately $5,683,780.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Jennifer Rock sold 9,515 shares of the business’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $31.10, for a total transaction of $295,916.50. Following the completion of the transaction, the chief accounting officer now owns 68,554 shares in the company, valued at $2,132,029.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Allen Parker sold 10,000 shares of the stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $35.31, for a total value of $353,100.00. Following the completion of the transaction, the chief financial officer now directly owns 160,968 shares in the company, valued at approximately $5,683,780.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,339 shares of company stock valued at $2,537,000. 15.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Z has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Zillow Group from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 18th. Bank of America raised shares of Zillow Group from an “underperform” rating to a “buy” rating and boosted their price target for the company from $22.00 to $42.00 in a research note on Monday, January 9th. Finally, Jefferies Financial Group lowered their price objective on shares of Zillow Group from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, October 6th.

Zillow Group Price Performance

NASDAQ Z opened at $43.16 on Monday. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $36.66 and a two-hundred day moving average of $34.53. Zillow Group, Inc. has a 1-year low of $26.14 and a 1-year high of $65.88.

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 for the quarter. The business had revenue of $483.00 million during the quarter. Zillow Group had a negative net margin of 3.01% and a negative return on equity of 3.16%.

About Zillow Group

(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.