ERn Financial LLC Boosts Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

ERn Financial LLC increased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,239 shares of the financial services provider’s stock after purchasing an additional 1,135 shares during the period. ERn Financial LLC’s holdings in Zillow Group were worth $832,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, insider Susan Daimler sold 3,694 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the sale, the general counsel now owns 31,739 shares in the company, valued at $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. Insiders sold a total of 139,689 shares of company stock worth $10,395,879 in the last 90 days. Company insiders own 23.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Zillow Group Trading Up 4.8 %

NASDAQ Z opened at $75.32 on Thursday. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $86.88. 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 stock’s 50 day simple moving average is $77.59 and its 200-day simple moving average is $63.48.

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.