Armstrong Fleming & Moore Inc Buys New Stake in Zillow Group, Inc. (NASDAQ:Z)

Armstrong Fleming & Moore Inc bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,754 shares of the financial services provider’s stock, valued at approximately $240,000.

Other institutional investors also recently added to or reduced their stakes in the company. Doliver Advisors LP boosted its stake in Zillow Group by 3.3% during the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 310 shares in the last quarter. Flynn Zito Capital Management LLC boosted its stake in Zillow Group by 7.2% during the second quarter. Flynn Zito Capital Management LLC now owns 4,810 shares of the financial services provider’s stock valued at $223,000 after buying an additional 325 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 400 shares during the period. Commonwealth Equity Services LLC raised its position in Zillow Group by 0.5% in the first quarter. Commonwealth Equity Services LLC now owns 86,527 shares of the financial services provider’s stock worth $4,221,000 after acquiring an additional 403 shares in the last quarter. Finally, Wedmont Private Capital lifted its holdings in Zillow Group by 1.9% in the 1st quarter. Wedmont Private Capital now owns 24,920 shares of the financial services provider’s stock valued at $1,196,000 after acquiring an additional 468 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the sale, the chairman now owns 582 shares of the company’s stock, valued at approximately $29,583.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Lloyd D. Frink sold 150,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the transaction, the chairman now owns 582 shares in the company, valued at $29,583.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Rock sold 4,050 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the sale, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 221,999 shares of company stock worth $11,780,363. Insiders own 23.76% of the company’s stock.

Analysts Set New Price Targets

Z has been the topic of a number of recent research reports. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Morgan Stanley lifted their price target on Zillow Group from $46.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Finally, Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.20.

Zillow Group Price Performance

Shares of Z traded down $1.37 on Thursday, hitting $62.22. The company’s stock had a trading volume of 938,642 shares, compared to its average volume of 3,793,215. The company has a 50 day moving average price of $58.50 and a 200 day moving average price of $49.90. The company has a market capitalization of $14.70 billion, a PE ratio of -92.16 and a beta of 1.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $68.73.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. The firm had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. On average, research analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

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.