Zillow Group, Inc. (NASDAQ:Z) Stock Holdings Increased by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,789 shares of the financial services provider’s stock after purchasing an additional 29,067 shares during the period. NewEdge Wealth LLC owned approximately 0.08% of Zillow Group worth $14,424,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the period. Brooklyn Investment Group purchased a new position in shares of Zillow Group in the third quarter worth approximately $74,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Zillow Group by 86.3% during the fourth 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 period. Rosenberg Matthew Hamilton lifted its position in shares of Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 245 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in Zillow Group in the 3rd quarter worth approximately $128,000. 71.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on Z. Morgan Stanley increased their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Wednesday, February 12th. 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 stock. Based on data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares in the company, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,663 shares of company stock valued at $4,004,931 in the last quarter. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Zillow Group stock opened at $78.33 on Thursday. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $89.39. The firm has a market capitalization of $19.00 billion, a PE ratio of -166.66, a PEG ratio of 9.24 and a beta of 2.03. The business’s 50-day simple moving average is $78.24 and its 200-day simple moving average is $70.35.

Zillow Group (NASDAQ:Z) last announced 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 forecast that Zillow Group, Inc. will post 0.32 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.