Clear Harbor Asset Management LLC Makes New $211,000 Investment in Zillow Group, Inc. (NASDAQ:Z)

Clear Harbor Asset Management LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,848 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group during the 3rd quarter worth $35,000. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the last quarter. Quarry LP bought a new position in Zillow Group during the second quarter valued at about $61,000. Finally, Brooklyn Investment Group purchased a new stake in Zillow Group during the third quarter worth about $74,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on Z shares. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Morgan Stanley increased their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Bank of America boosted their target price on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group increased their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average target price of $72.83.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $79.09 on Thursday. 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 fifty-two week low of $38.45 and a fifty-two week high of $86.88. The stock has a market cap of $18.47 billion, a PE ratio of -138.75, a price-to-earnings-growth ratio of 13.33 and a beta of 2.02. The stock has a fifty day moving average of $77.96 and a 200-day moving average of $64.60.

Insiders Place Their Bets

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,846 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $73.03, for a total value of $134,813.38. Following the transaction, the general counsel now directly owns 29,893 shares in the company, valued at $2,183,085.79. This represents a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the sale, the chief technology officer now directly owns 92 shares in the company, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,689 shares of company stock worth $10,395,879 in the last quarter. 23.76% of the stock is owned by company insiders.

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.