Fairvoy Private Wealth LLC Takes $803,000 Position in Zillow Group, Inc. (NASDAQ:Z)

Fairvoy Private Wealth LLC bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,842 shares of the financial services provider’s stock, valued at approximately $803,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of Z. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Zillow Group by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Zillow Group during the third quarter worth $35,000. Blue Trust Inc. increased its position in shares of Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares in the last quarter. Brooklyn Investment Group purchased a new position in Zillow Group in the 3rd quarter worth approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position 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.

Analyst Ratings Changes

Several brokerages recently weighed in on Z. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Morgan Stanley increased their price objective on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. KeyCorp raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Bank of America increased their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group boosted their target price on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.83.

Insider Activity

In other Zillow Group news, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the sale, the chief technology officer now owns 92 shares of the company’s stock, valued at $6,659.88. This trade represents a 99.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the sale, the insider now owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,689 shares of company stock worth $12,520,379. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Zillow Group stock opened at $87.00 on Friday. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $87.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a 50-day moving average of $78.63 and a 200-day moving average of $67.02.

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.