Zillow Group, Inc. $Z Shares Acquired by Wedmont Private Capital

Wedmont Private Capital lifted its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 19.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,993 shares of the financial services provider’s stock after buying an additional 648 shares during the quarter. Wedmont Private Capital’s holdings in Zillow Group were worth $302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its position in shares of Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after buying an additional 338 shares in the last quarter. National Pension Service lifted its position in shares of Zillow Group by 74.8% during the 1st quarter. National Pension Service now owns 577 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Zillow Group by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock worth $42,000 after buying an additional 196 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Zillow Group during the 1st quarter worth approximately $49,000. Finally, Parallel Advisors LLC lifted its position in shares of Zillow Group by 141.8% during the 1st quarter. Parallel Advisors LLC now owns 1,678 shares of the financial services provider’s stock worth $115,000 after buying an additional 984 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 25,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $89.99, for a total value of $2,249,750.00. Following the transaction, the chief financial officer directly owned 84,146 shares in the company, valued at approximately $7,572,298.54. This represents a 22.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $85.91, for a total transaction of $8,591,000.00. Following the completion of the transaction, the insider owned 68,889 shares in the company, valued at approximately $5,918,253.99. This trade represents a 59.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 657,087 shares of company stock worth $56,286,479 in the last 90 days. 25.03% of the stock is currently owned by corporate insiders.

Zillow Group Stock Down 3.6%

Zillow Group stock opened at $86.74 on Monday. Zillow Group, Inc. has a 52 week low of $57.00 and a 52 week high of $93.88. The firm’s 50-day simple moving average is $83.36 and its 200 day simple moving average is $73.71. The firm has a market capitalization of $21.01 billion, a PE ratio of -333.62, a P/E/G ratio of 24.15 and a beta of 2.04.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on Z shares. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research report on Wednesday, September 17th. Bank of America boosted their price objective on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Zillow Group from $79.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.38.

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.