Burleson & Company LLC Purchases Shares of 503 Zillow Group, Inc. (NASDAQ:Z)

Burleson & Company LLC bought a new position in Zillow Group, Inc. (NASDAQ:Z) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 503 shares of the financial services provider’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Claraphi Advisory Network LLC lifted its position in Zillow Group by 0.8% during the 1st quarter. Claraphi Advisory Network LLC now owns 10,343 shares of the financial services provider’s stock valued at $1,341,000 after acquiring an additional 85 shares during the period. Malaga Cove Capital LLC boosted its position in shares of Zillow Group by 0.5% in the 4th quarter. Malaga Cove Capital LLC now owns 20,957 shares of the financial services provider’s stock worth $2,745,000 after purchasing an additional 100 shares in the last quarter. Berman Capital Advisors LLC boosted its holdings in Zillow Group by 75.7% in the fourth quarter. Berman Capital Advisors LLC now owns 253 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares in the last quarter. Moseley Investment Management Inc. grew its stake in shares of Zillow Group by 4.7% in the first quarter. Moseley Investment Management Inc. now owns 2,542 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 113 shares during the last quarter. Finally, Symmetry Partners LLC increased its holdings in shares of Zillow Group by 5.4% during the fourth quarter. Symmetry Partners LLC now owns 2,391 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.

Z has been the topic of several analyst reports. Susquehanna upped their price objective on Zillow Group from $130.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on Zillow Group from $225.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, May 4th. Citigroup raised shares of Zillow Group from a “neutral” rating to a “buy” rating in a report on Thursday, February 11th. Susquehanna Bancshares boosted their price objective on shares of Zillow Group from $130.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 11th. Finally, Morgan Stanley raised their target price on shares of Zillow Group from $148.00 to $161.00 and gave the stock an “equal weight” rating in a report on Thursday, February 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $158.25.

Shares of Z opened at $109.13 on Friday. The stock has a market cap of $27.03 billion, a price-to-earnings ratio of 682.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.66 and a current ratio of 6.16. Zillow Group, Inc. has a 1 year low of $54.31 and a 1 year high of $208.11. The firm’s 50 day moving average is $123.15.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Tuesday, May 4th. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Zillow Group had a net margin of 1.55% and a return on equity of 1.41%.

In related news, CEO Richard N. Barton sold 343,940 shares of Zillow Group stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $148.92, for a total transaction of $51,219,544.80. Also, CMO Aimee Johnson sold 2,031 shares of the company’s stock in a transaction dated Wednesday, May 19th. The shares were sold at an average price of $106.50, for a total transaction of $216,301.50. Following the transaction, the chief marketing officer now owns 58,965 shares in the company, valued at $6,279,772.50. The disclosure for this sale can be found here. Insiders sold a total of 412,010 shares of company stock valued at $59,261,029 over the last ninety days. Corporate insiders own 19.87% of the company’s stock.

Zillow Group Profile

Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and websites in the United States. It operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The company's mobile applications and websites offer various real estate transactions and related services, including buying, selling, renting, and financing services for residential real estate properties; purchase and sell homes; offer title and escrow services, title insurance products and services, and mortgage loans.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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