Rosenberg Matthew Hamilton Purchases 245 Shares of Zillow Group, Inc. (NASDAQ:Z)

Rosenberg Matthew Hamilton boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 17.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,617 shares of the financial services provider’s stock after buying an additional 245 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Zillow Group were worth $120,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after buying an additional 400 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Zillow Group in the third quarter worth $35,000. Blue Trust Inc. boosted its holdings in Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 313 shares in the last quarter. Brooklyn Investment Group purchased a new position in Zillow Group during the 3rd quarter valued at $74,000. Finally, Quarry LP bought a new position in Zillow Group in the 2nd quarter worth $61,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Activity at Zillow Group

In other news, insider Susan Daimler sold 3,694 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the transaction, the insider now owns 18,770 shares in the company, valued at approximately $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the sale, the insider now directly owns 22,739 shares of the company’s stock, valued at $1,672,908.23. This trade represents a 42.78 % decrease in their position. 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 in the last 90 days. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Z stock opened at $71.84 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a 50 day moving average price of $77.26 and a 200-day moving average price of $63.39. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.88. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of -126.04 and a beta of 2.02.

Analyst Upgrades and Downgrades

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

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.