Arkadios Wealth Advisors Purchases 7,612 Shares of Zillow Group, Inc. (NASDAQ:Z)

Arkadios Wealth Advisors raised its position in Zillow Group, Inc. (NASDAQ:Z) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,042 shares of the financial services provider’s stock after buying an additional 7,612 shares during the quarter. Arkadios Wealth Advisors’ holdings in Zillow Group were worth $3,632,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after buying an additional 166 shares during the period. Rosenberg Matthew Hamilton lifted its position in shares of Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 245 shares in the last quarter. Mirador Capital Partners LP boosted its holdings in shares of Zillow Group by 1.5% in the fourth quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock worth $1,478,000 after acquiring an additional 292 shares during the period. Doliver Advisors LP boosted its holdings in shares of Zillow Group by 3.3% in the third quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 310 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Up 1.8 %

Shares of NASDAQ:Z opened at $77.86 on Friday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.88. The firm has a fifty day moving average of $77.75 and a 200 day moving average of $63.79.

Analyst Upgrades and Downgrades

Several brokerages have commented on Z. Morgan Stanley raised their target price on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Jefferies Financial Group raised their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Finally, Bank of America upped their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $72.83.

Insiders Place Their Bets

In related news, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Rock sold 3,187 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the sale, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. This represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,689 shares of company stock valued at $10,395,879 over the last 90 days. Insiders own 23.76% of the company’s stock.

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.