Gladstone Institutional Advisory LLC Buys New Position in Zillow Group, Inc. (NASDAQ:Z)

Gladstone Institutional Advisory LLC purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,685 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of Zillow Group in the fourth quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Zillow Group in the third quarter worth $33,000. Montag A & Associates Inc. purchased a new stake in shares of Zillow Group in the third quarter worth $37,000. Clearstead Advisors LLC raised its position in Zillow Group by 1,724.1% during the third quarter. Clearstead Advisors LLC now owns 1,058 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in Zillow Group during the fourth quarter valued at about $53,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Z has been the topic of several analyst reports. Jefferies Financial Group lifted their price objective on Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, May 2nd. JPMorgan Chase & Co. decreased their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Finally, Wedbush dropped their target price on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $56.20.

Insider Buying and Selling

In other news, Director Amy Bohutinsky sold 93,750 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $320,411.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Amy Bohutinsky sold 93,750 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the transaction, the director now directly owns 5,652 shares in the company, valued at $320,411.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Susan Daimler sold 15,206 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $56.36, for a total transaction of $857,010.16. Following the completion of the sale, the insider now owns 36,148 shares of the company’s stock, valued at $2,037,301.28. The disclosure for this sale can be found here. Insiders have sold 166,560 shares of company stock valued at $8,829,931 in the last ninety days. 23.76% of the stock is owned by company insiders.

Zillow Group Stock Performance

Shares of NASDAQ Z traded down $0.21 during mid-day trading on Friday, hitting $39.67. 1,814,816 shares of the company’s stock traded hands, compared to its average volume of 4,033,012. The company’s 50-day moving average is $44.73 and its two-hundred day moving average is $49.28. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The business had revenue of $529.00 million for the quarter, compared to analysts’ expectations of $509.30 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. As a group, equities analysts anticipate that Zillow Group, Inc. will post -0.18 EPS for the current year.

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.