Wedmont Private Capital Buys 1,249 Shares of Zillow Group, Inc. (NASDAQ:Z)

Wedmont Private Capital raised its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 5.0% in the 2nd quarter, Holdings Channel reports. The firm owned 26,169 shares of the financial services provider’s stock after purchasing an additional 1,249 shares during the quarter. Wedmont Private Capital’s holdings in Zillow Group were worth $1,316,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in Zillow Group during the 4th quarter worth $25,000. Concord Wealth Partners bought a new position in shares of Zillow Group in the 1st quarter worth about $26,000. Fidelis Capital Partners LLC bought a new position in shares of Zillow Group in the 1st quarter worth about $37,000. Principal Securities Inc. bought a new position in shares of Zillow Group in the 4th quarter worth about $53,000. Finally, Mather Group LLC. bought a new position in shares of Zillow Group in the 1st quarter worth about $62,000. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group raised Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Wedbush reissued a “neutral” rating and issued a $50.00 price objective on shares of Zillow Group in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.20.

Zillow Group Stock Up 4.5 %

Z stock traded up $2.28 during trading on Tuesday, reaching $53.32. 2,123,367 shares of the stock were exchanged, compared to its average volume of 3,925,480. The firm’s 50 day moving average is $47.42 and its 200 day moving average is $48.28. Zillow Group, Inc. has a twelve month low of $33.80 and a twelve month high of $61.13. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market cap of $12.59 billion, a P/E ratio of -73.97 and a beta of 1.98.

Insiders Place Their Bets

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,373 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $44.15, for a total transaction of $60,617.95. Following the completion of the sale, the general counsel now directly owns 40,194 shares of the company’s stock, valued at approximately $1,774,565.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the sale, the chairman now directly owns 582 shares of the company’s stock, valued at approximately $29,583.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,373 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total value of $60,617.95. Following the completion of the transaction, the general counsel now directly owns 40,194 shares of the company’s stock, valued at $1,774,565.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,444 shares of company stock valued at $10,479,259. Corporate insiders own 23.76% of the company’s stock.

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.