Fiduciary Financial Group LLC Invests $1.34 Million in Zillow Group, Inc. $Z

Fiduciary Financial Group LLC acquired a new stake in Zillow Group, Inc. (NASDAQ:Z) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,431 shares of the financial services provider’s stock, valued at approximately $1,343,000.

Several other hedge funds have also added to or reduced their stakes in Z. Brighton Jones LLC increased its position in Zillow Group by 2.5% in the 2nd quarter. Brighton Jones LLC now owns 5,747 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 140 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Zillow Group by 25.1% in the second quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 159 shares during the last quarter. True Vision MN LLC increased its holdings in Zillow Group by 2.1% in the second quarter. True Vision MN LLC now owns 7,760 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 161 shares during the period. Empowered Funds LLC raised its position in Zillow Group by 4.7% during the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 171 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Zillow Group by 58.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock worth $35,000 after buying an additional 185 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 7,865 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.53, for a total transaction of $546,853.45. Following the transaction, the chief financial officer owned 70,811 shares of the company’s stock, valued at approximately $4,923,488.83. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan Spaulding sold 5,455 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $69.40, for a total transaction of $378,577.00. Following the completion of the sale, the insider directly owned 50,342 shares of the company’s stock, valued at $3,493,734.80. This represents a 9.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,511 shares of company stock worth $4,766,357 in the last 90 days. Corporate insiders own 25.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on Z shares. Oppenheimer started coverage on Zillow Group in a research note on Monday, October 6th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. increased their target price on shares of Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Gordon Haskett upgraded shares of Zillow Group to a “strong-buy” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein raised shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research note on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $91.14.

Zillow Group Trading Up 2.1%

Shares of Zillow Group stock opened at $68.96 on Friday. The firm has a market capitalization of $16.69 billion, a PE ratio of -492.54, a price-to-earnings-growth ratio of 26.55 and a beta of 2.10. Zillow Group, Inc. has a 12 month low of $57.51 and a 12 month high of $93.88. The business’s 50-day moving average price is $72.82 and its 200-day moving average price is $76.42.

Zillow Group (NASDAQ:Z) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The firm had revenue of $729.00 million during the quarter, compared to analysts’ expectations of $670.28 million. As a group, analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Zillow Group Company Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.