abrdn plc Purchases 26,833 Shares of Zillow Group, Inc. (NASDAQ:Z)

abrdn plc increased its holdings in Zillow Group, Inc. (NASDAQ:Z) by 101.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,188 shares of the financial services provider’s stock after purchasing an additional 26,833 shares during the period. abrdn plc’s holdings in Zillow Group were worth $3,077,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of Z. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $33,000. Montag A & Associates Inc. bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $37,000. Peoples Bank KS purchased a new stake in Zillow Group during the 3rd quarter valued at $46,000. Clearstead Advisors LLC lifted its position in Zillow Group by 1,724.1% in the third quarter. Clearstead Advisors LLC now owns 1,058 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,000 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Zillow Group by 9.6% during the third quarter. Van ECK Associates Corp now owns 4,715 shares of the financial services provider’s stock worth $218,000 after buying an additional 412 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the transaction, the insider now directly owns 168,863 shares in the company, valued at approximately $8,375,604.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Bradley D. Owens sold 966 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total value of $56,037.66. Following the completion of the transaction, the general counsel now owns 17,181 shares of the company’s stock, valued at $996,669.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Errol G. Samuelson sold 4,219 shares of the 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 sale, the insider now directly owns 168,863 shares in the company, valued at approximately $8,375,604.80. 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. Corporate insiders own 23.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Z has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. upped their price target on shares of Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and an average target price of $58.75.

Zillow Group Trading Up 1.7 %

Shares of Zillow Group stock opened at $43.67 on Monday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $49.76 and its two-hundred day moving average is $48.93. Zillow Group, Inc. has a 52 week low of $33.80 and a 52 week high of $61.13.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Tuesday, February 13th. The financial services provider reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The firm had revenue of $474.00 million for the quarter, compared to analysts’ expectations of $450.75 million. Sell-side analysts predict that Zillow Group, Inc. will post -0.15 earnings per share for the current fiscal year.

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.