Proficio Capital Partners LLC Invests $7.38 Million in Zillow Group, Inc. (NASDAQ:Z)

Proficio Capital Partners LLC purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 99,597 shares of the financial services provider’s stock, valued at approximately $7,375,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in Z. Assetmark Inc. increased its holdings in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 741 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 137 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Zillow Group during the 3rd quarter valued at about $74,000. Smartleaf Asset Management LLC increased its holdings in shares of Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 367 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 579 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Trading Up 3.2 %

Shares of NASDAQ:Z opened at $70.58 on Monday. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The firm has a market capitalization of $17.12 billion, a PE ratio of -150.17, a PEG ratio of 9.24 and a beta of 2.27. The business’s 50 day moving average is $77.74 and its 200-day moving average is $72.05.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on Z. Baird R W raised Zillow Group to a “hold” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Morgan Stanley raised their target price on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.00.

Insider Transactions at Zillow Group

In related news, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,065 shares of company stock valued at $7,660,165. 23.76% of the stock is owned by corporate insiders.

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.