Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. increased its position in Zillow Group, Inc. (NASDAQ:Z) by 5.2% in the first quarter, Holdings Channel reports. The firm owned 129,240 shares of the financial services provider’s stock after purchasing an additional 6,337 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Zillow Group were worth $6,304,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Legacy Capital Group California Inc. lifted its holdings in Zillow Group by 3.1% in the fourth quarter. Legacy Capital Group California Inc. now owns 8,794 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 264 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in shares of Zillow Group by 0.9% during the fourth quarter. Level Four Advisory Services LLC now owns 33,058 shares of the financial services provider’s stock valued at $1,913,000 after buying an additional 282 shares during the last quarter. Laird Norton Trust Company LLC raised its holdings in shares of Zillow Group by 0.3% during the third quarter. Laird Norton Trust Company LLC now owns 152,878 shares of the financial services provider’s stock valued at $7,057,000 after buying an additional 414 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $25,000. Finally, Stifel Financial Corp raised its holdings in shares of Zillow Group by 0.9% during the third quarter. Stifel Financial Corp now owns 49,874 shares of the financial services provider’s stock valued at $2,302,000 after buying an additional 453 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on Z shares. Wedbush cut their price target on Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Jefferies Financial Group lifted their price target on Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, March 4th. JPMorgan Chase & Co. cut their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.20.

Insiders Place Their Bets

In other Zillow Group news, insider Susan Daimler sold 5,907 shares of Zillow Group stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total transaction of $282,000.18. Following the transaction, the insider now directly owns 29,665 shares in the company, valued at approximately $1,416,207.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the sale, the insider now owns 168,863 shares of the company’s stock, valued at approximately $8,375,604.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Daimler sold 5,907 shares of Zillow Group stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the sale, the insider now directly owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,260 shares of company stock worth $2,846,739. 23.76% of the stock is owned by insiders.

Zillow Group Price Performance

Shares of NASDAQ Z traded up $0.08 during mid-day trading on Friday, reaching $48.91. 5,506,346 shares of the company traded hands, compared to its average volume of 3,696,323. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $61.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market cap of $11.55 billion, a PE ratio of -70.88 and a beta of 1.95. The stock has a fifty day simple moving average of $43.23 and a 200-day simple moving average of $49.94.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42). The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. During the same quarter last year, the firm posted ($0.06) EPS. Equities research analysts anticipate that Zillow Group, Inc. will post -0.4 EPS for the current fiscal year.

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.