Denver PWM LLC Invests $94,000 in Zillow Group, Inc. (NASDAQ:Z)

Denver PWM LLC acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,036 shares of the financial services provider’s stock, valued at approximately $94,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Capital Group California Inc. grew its stake in shares of Zillow Group by 3.1% in the fourth quarter. Legacy Capital Group California Inc. now owns 8,794 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 264 shares during the period. Level Four Advisory Services LLC grew its position in Zillow Group by 0.9% in the 4th quarter. Level Four Advisory Services LLC now owns 33,058 shares of the financial services provider’s stock worth $1,913,000 after purchasing an additional 282 shares during the period. Commonwealth Equity Services LLC raised its stake in Zillow Group by 0.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 86,527 shares of the financial services provider’s stock valued at $4,221,000 after buying an additional 403 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Zillow Group by 1.9% during the 1st quarter. Wedmont Private Capital now owns 24,920 shares of the financial services provider’s stock valued at $1,196,000 after buying an additional 468 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after buying an additional 481 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

Z has been the topic of several analyst reports. Wedbush reiterated a “neutral” rating and set a $50.00 target price on shares of Zillow Group in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Craig Hallum raised shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, UBS Group raised shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.20.

Insider Activity

In other Zillow Group news, insider Susan Daimler sold 5,907 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total value of $282,000.18. Following the completion of the transaction, the insider now owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Jay C. Hoag bought 816,866 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $43.14 per share, for a total transaction of $35,239,599.24. Following the completion of the purchase, the director now owns 1,185,540 shares of the company’s stock, valued at $51,144,195.60. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Susan Daimler sold 5,907 shares of Zillow Group stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the transaction, the insider now owns 29,665 shares of the company’s stock, valued at approximately $1,416,207.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 200,971 shares of company stock valued at $10,314,285. 23.76% of the stock is currently owned by company insiders.

Zillow Group Trading Down 0.4 %

Shares of Zillow Group stock opened at $53.61 on Friday. The stock has a 50 day moving average of $50.57 and a 200 day moving average of $48.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of -77.70 and a beta of 1.94. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $61.13.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million for the quarter, compared to analyst estimates of $539.74 million. As a group, research analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Zillow Group 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.