ERn Financial LLC Has $795,000 Holdings in Zillow Group, Inc. (NASDAQ:Z)

ERn Financial LLC increased its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.2% during the first quarter, Holdings Channel reports. The fund owned 11,598 shares of the financial services provider’s stock after purchasing an additional 359 shares during the period. ERn Financial LLC’s holdings in Zillow Group were worth $795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Zillow Group by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after purchasing an additional 11,727 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Zillow Group in the 4th quarter valued at $7,375,000. Vinva Investment Management Ltd bought a new stake in shares of Zillow Group during the fourth quarter worth $1,187,000. TB Alternative Assets Ltd. lifted its stake in shares of Zillow Group by 49.0% during the first quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider’s stock valued at $39,142,000 after acquiring an additional 187,671 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Zillow Group by 18.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,114 shares of the financial services provider’s stock valued at $3,267,000 after acquiring an additional 6,900 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Z has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research report on Monday, May 5th. William Blair started coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a “market perform” rating for the company. JPMorgan Chase & Co. cut their price objective on shares of Zillow Group from $93.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company raised shares of Zillow Group to a “hold” rating in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Zillow Group from $80.00 to $76.00 and set a “market perform” rating for the company in a research report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.71.

Insiders Place Their Bets

In related news, Director Erik C. Blachford sold 965 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $70.35, for a total transaction of $67,887.75. Following the completion of the sale, the director now directly owns 35,474 shares of the company’s stock, valued at approximately $2,495,595.90. This represents a 2.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer Rock sold 5,997 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the sale, the chief accounting officer now owns 58,320 shares in the company, valued at $3,969,259.20. This trade represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,947 shares of company stock worth $7,199,000. Company insiders own 25.03% of the company’s stock.

Zillow Group Stock Performance

Shares of NASDAQ Z opened at $67.53 on Thursday. Zillow Group, Inc. has a 52-week low of $41.67 and a 52-week high of $89.39. The stock has a market cap of $16.31 billion, a P/E ratio of -198.62, a P/E/G ratio of 12.49 and a beta of 2.12. The firm has a 50 day moving average price of $67.07 and a 200 day moving average price of $72.95.

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.