GM Advisory Group LLC Purchases Shares of 92,725 Zillow Group, Inc. $Z

GM Advisory Group LLC purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the first quarter, according to its most recent filing with the SEC. The firm purchased 92,725 shares of the financial services provider’s stock, valued at approximately $3,837,000.

Several other hedge funds have also recently made changes to their positions in Z. Doliver Advisors LP lifted its stake in shares of Zillow Group by 1.8% in the 4th quarter. Doliver Advisors LP now owns 9,687 shares of the financial services provider’s stock valued at $661,000 after purchasing an additional 171 shares during the period. Empowered Funds LLC boosted its position in shares of Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC grew its stake in Zillow Group by 21.4% during the fourth quarter. GAMMA Investing LLC now owns 1,186 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 209 shares during the period. CIBC Asset Management Inc grew its stake in Zillow Group by 3.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,550 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 220 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG increased its holdings in Zillow Group by 6.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 3,923 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 252 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Performance

Zillow Group stock opened at $33.43 on Friday. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 133.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.98. The firm’s fifty day moving average price is $36.41 and its two-hundred day moving average price is $47.72. Zillow Group, Inc. has a 1-year low of $29.23 and a 1-year high of $93.88.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a net margin of 2.27% and a return on equity of 1.41%. The company had revenue of $708.00 million during the quarter, compared to the consensus estimate of $705.10 million. On average, research analysts forecast that Zillow Group, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on Z. Deutsche Bank Aktiengesellschaft dropped their price target on Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Royal Bank Of Canada lowered their price objective on shares of Zillow Group from $95.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, June 10th. Wall Street Zen upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, UBS Group cut their target price on shares of Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.00.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 2,939 shares of Zillow Group stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $37.97, for a total transaction of $111,593.83. Following the completion of the transaction, the insider owned 134,039 shares in the company, valued at approximately $5,089,460.83. The trade was a 2.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Wacksman sold 9,072 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $36.54, for a total value of $331,490.88. Following the sale, the chief executive officer directly owned 153,699 shares of the company’s stock, valued at $5,616,161.46. This represents a 5.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,910 shares of company stock worth $1,605,732 in the last 90 days. Company insiders own 25.03% of the company’s stock.

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.