Carmel Capital Partners LLC Raises Holdings in Zillow Group, Inc. $Z

Carmel Capital Partners LLC grew its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 11.4% in the second quarter, HoldingsChannel reports. The firm owned 22,358 shares of the financial services provider’s stock after buying an additional 2,283 shares during the quarter. Carmel Capital Partners LLC’s holdings in Zillow Group were worth $1,566,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC purchased a new position in shares of Zillow Group during the first quarter valued at about $334,000. American Assets Investment Management LLC purchased a new position in shares of Zillow Group during the first quarter valued at about $468,000. Alberta Investment Management Corp purchased a new position in shares of Zillow Group during the first quarter valued at about $3,661,000. Cerity Partners LLC grew its position in Zillow Group by 67.0% in the first quarter. Cerity Partners LLC now owns 20,475 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 8,215 shares in the last quarter. Finally, G&S Capital LLC grew its position in Zillow Group by 132.2% in the first quarter. G&S Capital LLC now owns 33,933 shares of the financial services provider’s stock worth $2,326,000 after acquiring an additional 19,319 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ:Z opened at $72.96 on Friday. Zillow Group, Inc. has a 1 year low of $57.00 and a 1 year high of $93.88. The business has a 50 day simple moving average of $81.26 and a two-hundred day simple moving average of $74.23. The firm has a market capitalization of $17.68 billion, a PE ratio of -280.62, a price-to-earnings-growth ratio of 25.31 and a beta of 2.13.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 45,710 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $85.21, for a total transaction of $3,894,949.10. Following the completion of the transaction, the chief operating officer owned 117,098 shares in the company, valued at $9,977,920.58. The trade was a 28.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard N. Barton sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $84.92, for a total value of $16,984,000.00. Following the transaction, the chairman owned 843,248 shares of the company’s stock, valued at $71,608,620.16. This trade represents a 19.17% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 657,087 shares of company stock valued at $56,286,479. 25.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on Z. JPMorgan Chase & Co. lifted their price target on Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Bank of America lifted their price target on Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Gordon Haskett upgraded Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, October 8th. Finally, Mizuho upgraded Zillow Group to a “strong-buy” rating in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.38.

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.