Wealthspire Advisors LLC Purchases 2,021 Shares of Zillow Group, Inc. (NASDAQ:Z)

Wealthspire Advisors LLC increased its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 48.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,167 shares of the financial services provider’s stock after acquiring an additional 2,021 shares during the quarter. Wealthspire Advisors LLC’s holdings in Zillow Group were worth $457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. abrdn plc boosted its stake in Zillow Group by 98.0% during the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 24,247 shares in the last quarter. IVY Lane Capital Management LLC lifted its stake in shares of Zillow Group by 35.0% in the third quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after buying an additional 35,000 shares in the last quarter. Donoghue Forlines LLC bought a new position in shares of Zillow Group in the fourth quarter valued at $1,932,000. Thrivent Financial for Lutherans bought a new position in shares of Zillow Group in the third quarter valued at $6,267,000. Finally, Friedenthal Financial bought a new position in shares of Zillow Group in the fourth quarter valued at $754,000. 71.01% of the stock is owned by institutional investors.

Zillow Group Stock Performance

NASDAQ Z opened at $78.33 on Thursday. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The company has a 50-day simple moving average of $78.24 and a 200 day simple moving average of $70.35. The company has a market capitalization of $19.00 billion, a PE ratio of -166.66, a price-to-earnings-growth ratio of 9.24 and a beta of 2.03.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data 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 return on equity of 2.12% and a negative net margin of 5.01%. As a group, analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,663 shares of company stock worth $4,004,931 over the last quarter. Corporate insiders own 23.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on Z. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Five 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

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.