Avantax Advisory Services Inc. Takes Position in Zillow Group, Inc. (NASDAQ:Z)

Avantax Advisory Services Inc. acquired a new stake in Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,779 shares of the financial services provider’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in Z. Assetmark Inc. lifted its stake in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 741 shares during the period. Blue Trust Inc. increased its stake 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 stake in shares of Zillow Group during the 3rd quarter worth $74,000. Smartleaf Asset Management LLC grew 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 worth $79,000 after purchasing an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted 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 in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

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

Zillow Group Stock Down 1.6 %

NASDAQ:Z opened at $70.35 on Friday. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of -149.68, a P/E/G ratio of 9.24 and a beta of 2.27. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $89.39. The company’s 50 day moving average is $77.47 and its 200-day moving average is $72.86.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share (EPS) 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%. Research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares of the company’s stock, valued at $11,743,826.50. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock valued at $7,869,478 over the last quarter. 23.76% of the stock is owned by company 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.