Carmel Capital Partners LLC Buys 1,227 Shares of Zillow Group, Inc. (NASDAQ:Z)

Carmel Capital Partners LLC raised its stake in Zillow Group, Inc. (NASDAQ:Z) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,616 shares of the financial services provider’s stock after acquiring an additional 1,227 shares during the period. Carmel Capital Partners LLC’s holdings in Zillow Group were worth $1,453,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Aigen Investment Management LP lifted its stake in Zillow Group by 73.0% in the fourth quarter. Aigen Investment Management LP now owns 19,780 shares of the financial services provider’s stock valued at $1,465,000 after buying an additional 8,347 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Zillow Group in the fourth quarter valued at approximately $7,375,000. Assetmark Inc. lifted its stake in 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 buying an additional 741 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Zillow Group by 52.0% in the fourth quarter. Victory Capital Management Inc. now owns 38,947 shares of the financial services provider’s stock valued at $2,884,000 after purchasing an additional 13,325 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Zillow Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,538,709 shares of the financial services provider’s stock valued at $113,941,000 after purchasing an additional 11,727 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,098 shares of company stock valued at $7,911,237 over the last ninety days. 23.76% of the stock is currently owned by company insiders.

Zillow Group Trading Up 3.3 %

Shares of Z opened at $76.91 on Thursday. The company has a market cap of $18.66 billion, a price-to-earnings ratio of -163.64, a PEG ratio of 9.24 and a beta of 2.03. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $89.39. The company’s fifty day simple moving average is $78.16 and its 200 day simple moving average is $71.10.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on Z shares. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Morgan Stanley lifted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Zillow Group Company 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.