Pekin Hardy Strauss Inc. Buys New Stake in Zillow Group, Inc. (NASDAQ:Z)

Pekin Hardy Strauss Inc. acquired a new stake in Zillow Group, Inc. (NASDAQ:Z) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,675 shares of the financial services provider’s stock, valued at approximately $634,000.

Several other large investors also recently bought and sold shares of Z. Accretive Wealth Partners LLC boosted its stake in Zillow Group by 4.3% in the fourth quarter. Accretive Wealth Partners LLC now owns 14,977 shares of the financial services provider’s stock valued at $867,000 after acquiring an additional 616 shares in the last quarter. Principal Securities Inc. acquired a new position in Zillow Group in the fourth quarter valued at $53,000. Norges Bank acquired a new position in Zillow Group in the fourth quarter valued at $34,718,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth about $213,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Zillow Group by 13.5% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,730 shares of the financial services provider’s stock worth $332,000 after buying an additional 680 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Zillow Group Stock Up 0.4 %

NASDAQ Z opened at $62.81 on Wednesday. Zillow Group, Inc. has a 52-week low of $33.80 and a 52-week high of $64.24. The firm has a 50-day moving average price of $52.11 and a 200 day moving average price of $48.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. The firm had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. On average, equities research analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The sale was disclosed in a filing with the SEC, which is available at this link. In other Zillow Group news, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now directly owns 2,826 shares of the company’s stock, valued at $172,696.86. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 201,374 shares of company stock valued at $10,393,745. Corporate insiders own 23.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on Z. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $80.00 in a research note on Monday. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three 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 MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $63.20.

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.