Avory & Company LLC Buys 9,906 Shares of Zillow Group, Inc. (NASDAQ:Z)

Avory & Company LLC boosted its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,355 shares of the financial services provider’s stock after acquiring an additional 9,906 shares during the quarter. Zillow Group accounts for 8.3% of Avory & Company LLC’s portfolio, making the stock its 6th largest position. Avory & Company LLC’s holdings in Zillow Group were worth $11,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Zillow Group during the 4th quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Zillow Group in the third quarter valued at about $33,000. Montag A & Associates Inc. acquired a new position in Zillow Group during the 3rd quarter worth about $37,000. Peoples Bank KS acquired a new position in Zillow Group during the 3rd quarter worth about $46,000. Finally, Clearstead Advisors LLC grew its holdings in Zillow Group by 1,724.1% during the 3rd quarter. Clearstead Advisors LLC now owns 1,058 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on Z. Jefferies Financial Group lifted their price objective on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $58.75.

Zillow Group Stock Down 1.4 %

Shares of Z stock traded down $0.61 on Tuesday, hitting $43.04. The stock had a trading volume of 1,701,754 shares, compared to its average volume of 3,804,301. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $61.13. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of -63.73 and a beta of 1.76. The business has a 50 day moving average of $49.54 and a 200 day moving average of $48.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The business had revenue of $474.00 million for the quarter, compared to analysts’ expectations of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. As a group, analysts expect that Zillow Group, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Bradley D. Owens sold 966 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total transaction of $56,037.66. Following the transaction, the general counsel now directly owns 17,181 shares in the company, valued at approximately $996,669.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the sale, the insider now directly owns 168,863 shares in the company, valued at approximately $8,375,604.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Bradley D. Owens sold 966 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total transaction of $56,037.66. Following the transaction, the general counsel now directly owns 17,181 shares in the company, valued at $996,669.81. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock worth $9,642,508 over the last ninety days. 23.76% of the stock is owned by corporate 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.