Creative Planning Acquires 558 Shares of Zillow Group, Inc. (NASDAQ:Z)

Creative Planning lifted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,139 shares of the financial services provider’s stock after acquiring an additional 558 shares during the period. Creative Planning’s holdings in Zillow Group were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Zillow Group by 400.0% during the 3rd 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. Private Advisory Group LLC bought a new position in shares of Zillow Group during the third quarter valued at $5,079,000. Udine Wealth Management Inc. bought a new position in shares of Zillow Group during the third quarter valued at $879,000. Atomi Financial Group Inc. raised its stake in shares of Zillow Group by 16.3% during the third quarter. Atomi Financial Group Inc. now owns 13,936 shares of the financial services provider’s stock valued at $890,000 after acquiring an additional 1,951 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Zillow Group by 26.4% during the third quarter. Handelsbanken Fonder AB now owns 45,500 shares of the financial services provider’s stock valued at $2,905,000 after acquiring an additional 9,500 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 9th. UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Bank of America raised their price target on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.33.

Zillow Group Price Performance

Shares of NASDAQ Z opened at $59.68 on Thursday. Zillow Group, Inc. has a twelve month low of $33.80 and a twelve month high of $68.73. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $14.10 billion, a PE ratio of -86.39 and a beta of 1.95. The firm has a fifty day simple moving average of $60.35 and a 200 day simple moving average of $50.92.

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

Insider Activity

In other news, CAO Jennifer Rock sold 4,050 shares of Zillow Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the transaction, the chief accounting officer now directly owns 79,694 shares in the company, valued at $3,923,335.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares in the company, valued at approximately $3,923,335.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thielke Claire Cormier sold 2,826 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the transaction, the director now owns 2,826 shares in the company, valued at approximately $172,696.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock worth $11,780,363 over the last three months. 23.76% of the stock is currently owned by insiders.

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.