Zillow Group, Inc. (NASDAQ:Z) Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC raised its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,657 shares of the financial services provider’s stock after purchasing an additional 5,841 shares during the period. Accurate Wealth Management LLC’s holdings in Zillow Group were worth $2,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its stake in Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 245 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Zillow Group in the fourth quarter worth $754,000. Nordea Investment Management AB grew its holdings in shares of Zillow Group by 10.4% during the fourth quarter. Nordea Investment Management AB now owns 11,833 shares of the financial services provider’s stock valued at $887,000 after buying an additional 1,112 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Zillow Group during the fourth quarter valued at $427,000. Finally, Synovus Financial Corp acquired a new position in shares of Zillow Group in the 3rd quarter valued at $311,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 3,033 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the sale, the chief accounting officer now owns 57,166 shares of the company’s stock, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,689 shares of company stock valued at $10,395,879. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $71.84 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of -126.04 and a beta of 2.02. The firm’s 50 day simple moving average is $77.26 and its 200-day simple moving average is $63.39. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $86.88.

Analysts Set New Price Targets

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