Zillow Group, Inc. (NASDAQ:Z) is Avory & Company LLC’s 6th Largest Position

Avory & Company LLC increased its stake in Zillow Group, Inc. (NASDAQ:Z) by 5.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 205,355 shares of the financial services provider’s stock after buying an additional 9,906 shares during the period. Zillow Group accounts for about 8.3% of Avory & Company LLC’s holdings, making the stock its 6th largest holding. Avory & Company LLC owned 0.09% of Zillow Group worth $11,882,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in Zillow Group in the third quarter worth about $252,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Zillow Group by 17.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,814 shares of the financial services provider’s stock valued at $1,930,000 after purchasing an additional 6,300 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Zillow Group by 48.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 633,608 shares of the financial services provider’s stock worth $29,247,000 after purchasing an additional 206,088 shares during the last quarter. Arlington Partners LLC purchased a new position in Zillow Group in the 3rd quarter worth about $2,374,000. Finally, IFM Investors Pty Ltd lifted its stake in Zillow Group by 2.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 40,219 shares of the financial services provider’s stock valued at $1,857,000 after acquiring an additional 778 shares during the period. Institutional investors own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the transaction, the insider now directly owns 168,863 shares in the company, valued at $8,375,604.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zillow Group news, Director Amy Bohutinsky sold 93,750 shares of Zillow Group stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $56.69, for a total value of $5,314,687.50. Following the completion of the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $320,411.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares of the company’s stock, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. Insiders have sold a total of 171,289 shares of company stock valued at $9,642,508 in the last ninety days. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Stock Down 1.4 %

Shares of Z stock traded down $0.61 during trading hours on Tuesday, reaching $43.04. 1,701,754 shares of the company’s stock were exchanged, compared to its average volume of 3,804,301. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The stock has a market cap of $10.05 billion, a PE ratio of -63.73 and a beta of 1.76. The stock’s fifty day moving average price is $49.54 and its two-hundred day moving average price is $48.96.

Zillow Group (NASDAQ:Z) last released its quarterly earnings data on Tuesday, February 13th. The financial services provider reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. Research analysts predict that Zillow Group, Inc. will post -0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on Z shares. Jefferies Financial Group boosted their price objective on Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. lifted their target price on Zillow Group from $46.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.75.

About Zillow Group

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.