Private Advisory Group LLC Has $10.44 Million Holdings in Zillow Group, Inc. $Z

Private Advisory Group LLC grew its position in Zillow Group, Inc. (NASDAQ:Z) by 28.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,088 shares of the financial services provider’s stock after purchasing an additional 33,451 shares during the quarter. Private Advisory Group LLC’s holdings in Zillow Group were worth $10,444,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Scge Management L.P. bought a new stake in Zillow Group in the 3rd quarter valued at $133,990,000. Eminence Capital LP lifted its holdings in shares of Zillow Group by 63.6% during the second quarter. Eminence Capital LP now owns 3,978,731 shares of the financial services provider’s stock worth $278,710,000 after buying an additional 1,546,577 shares in the last quarter. Soma Equity Partners LP boosted its position in shares of Zillow Group by 389.5% in the third quarter. Soma Equity Partners LP now owns 1,468,492 shares of the financial services provider’s stock valued at $113,147,000 after acquiring an additional 1,168,492 shares during the period. Holocene Advisors LP acquired a new position in shares of Zillow Group in the second quarter valued at about $57,021,000. Finally, Capital World Investors increased its position in Zillow Group by 7.8% during the third quarter. Capital World Investors now owns 10,635,008 shares of the financial services provider’s stock worth $819,427,000 after acquiring an additional 769,944 shares during the period. Institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

NASDAQ Z opened at $40.44 on Monday. The firm’s 50 day simple moving average is $50.55 and its 200 day simple moving average is $65.45. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 449.38, a P/E/G ratio of 2.26 and a beta of 2.10. Zillow Group, Inc. has a 1 year low of $40.08 and a 1 year high of $93.88.

Zillow Group (NASDAQ:Z) last released its earnings results on Tuesday, February 10th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The business had revenue of $654.00 million for the quarter, compared to the consensus estimate of $650.40 million. On average, equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Transactions at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 3,966 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $175,376.52. Following the completion of the transaction, the chief technology officer owned 136,690 shares of the company’s stock, valued at approximately $6,044,431.80. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy Wacksman sold 13,661 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the sale, the chief executive officer owned 116,322 shares in the company, valued at approximately $5,147,248.50. The trade was a 10.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 60,801 shares of company stock valued at $2,683,986. Company insiders own 23.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on Z. Barclays raised shares of Zillow Group from a “strong sell” rating to a “hold” rating in a report on Thursday, January 29th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Wednesday, February 11th. Mizuho cut Zillow Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $90.60.

Zillow Group 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.