West Michigan Advisors LLC Makes New Investment in Zillow Group, Inc. (NASDAQ:Z)

West Michigan Advisors LLC acquired a new stake in Zillow Group, Inc. (NASDAQ:Z) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,814 shares of the financial services provider’s stock, valued at approximately $282,000.

A number of other large investors have also made changes to their positions in Z. Blue Trust Inc. grew its stake in Zillow Group by 17.5% in the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 137 shares during the period. Savant Capital LLC grew its position in shares of Zillow Group by 2.7% in the fourth quarter. Savant Capital LLC now owns 6,794 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 179 shares during the period. True Vision MN LLC increased its stake in Zillow Group by 2.6% in the fourth quarter. True Vision MN LLC now owns 7,423 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 186 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after buying an additional 245 shares during the period. Finally, Mirador Capital Partners LP boosted its stake in Zillow Group by 1.5% in the 4th quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock worth $1,478,000 after buying an additional 292 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,098 shares of company stock worth $3,611,337 over the last 90 days. Insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

Z has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped 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, February 11th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Finally, Wedbush reiterated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Zillow Group Trading Up 0.4 %

Zillow Group stock opened at $76.66 on Friday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The stock has a market cap of $18.59 billion, a P/E ratio of -163.11, a price-to-earnings-growth ratio of 9.24 and a beta of 2.03. The stock has a 50 day moving average of $78.27 and a 200-day moving average of $70.57.

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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Zillow Group Company 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.