Avory & Company LLC Has $21.68 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Avory & Company LLC grew its stake in Zillow Group, Inc. (NASDAQ:Z) by 0.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 292,738 shares of the financial services provider’s stock after purchasing an additional 178 shares during the period. Zillow Group makes up about 12.1% of Avory & Company LLC’s portfolio, making the stock its 4th biggest position. Avory & Company LLC owned about 0.13% of Zillow Group worth $21,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of Z. FMR LLC lifted its stake in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock valued at $325,337,000 after purchasing an additional 3,272,118 shares during the last quarter. Groupama Asset Managment bought a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Zillow Group in the third quarter worth approximately $38,310,000. Bridgewater Associates LP raised its holdings in shares of Zillow Group by 428.2% in the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after buying an additional 424,615 shares during the period. Finally, Mackay Shields LLC purchased a new stake in shares of Zillow Group in the fourth quarter worth approximately $17,496,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Price Performance

Zillow Group stock opened at $76.91 on Thursday. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of -163.64, a PEG ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The business has a fifty day moving average price of $78.16 and a 200-day moving average price of $71.10.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the transaction, the chief technology officer now owns 151,046 shares in the company, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. The trade was a 19.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,098 shares of company stock valued at $7,911,237. 23.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on Z. Morgan Stanley increased their price target on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. KeyCorp upgraded Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Baird R W upgraded Zillow Group to a “hold” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

About Zillow Group

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.