New York Life Investment Management LLC Purchases 1,440 Shares of Zillow Group, Inc. (NASDAQ:Z)

New York Life Investment Management LLC raised its position in Zillow Group, Inc. (NASDAQ:Z) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,781 shares of the financial services provider’s stock after acquiring an additional 1,440 shares during the quarter. New York Life Investment Management LLC’s holdings in Zillow Group were worth $1,087,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. IFM Investors Pty Ltd lifted its stake in Zillow Group by 2.0% in the third quarter. IFM Investors Pty Ltd now owns 40,219 shares of the financial services provider’s stock worth $1,857,000 after acquiring an additional 778 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Zillow Group by 3.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,042 shares of the financial services provider’s stock worth $925,000 after purchasing an additional 757 shares during the period. ING Groep NV bought a new stake in shares of Zillow Group during the 3rd quarter valued at about $16,359,000. Peoples Bank KS purchased a new position in shares of Zillow Group during the third quarter valued at about $46,000. Finally, Wealthfront Advisers LLC raised its stake in Zillow Group by 158.2% in the third quarter. Wealthfront Advisers LLC now owns 26,234 shares of the financial services provider’s stock worth $1,211,000 after buying an additional 16,073 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Insider Activity

In other Zillow Group news, General Counsel Bradley D. Owens sold 966 shares of the firm’s 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 sale, the general counsel now directly owns 17,181 shares of the company’s stock, valued at $996,669.81. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Dan Spaulding sold 3,086 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the sale, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Bradley D. Owens sold 966 shares of Zillow Group stock in a transaction on 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 of the company’s stock, valued at $996,669.81. The disclosure for this sale can be found here. Insiders have sold 171,289 shares of company stock worth $9,642,508 in the last three months. Company insiders own 23.76% of the company’s stock.

Zillow Group Trading Up 3.4 %

Shares of NASDAQ:Z opened at $43.12 on Wednesday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average price is $48.08 and its 200-day moving average price is $48.98. Zillow Group, Inc. has a twelve month low of $33.80 and a twelve month high of $61.13.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The company had revenue of $529.00 million during the quarter, compared to the consensus estimate of $509.30 million. During the same period in the prior year, the business posted ($0.06) earnings per share. Research analysts predict that Zillow Group, Inc. will post -0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on Z. JPMorgan Chase & Co. lowered their price objective on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Jefferies Financial Group lifted their price target on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, May 2nd. Finally, Wedbush decreased their target price on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Hold” and an average price target of $56.20.

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.