O Neil Global Advisors Inc. Invests $507,000 in Zillow Group, Inc. (NASDAQ:Z)

O Neil Global Advisors Inc. purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,844 shares of the financial services provider’s stock, valued at approximately $507,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Handelsbanken Fonder AB lifted its position in shares of Zillow Group by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 46,600 shares of the financial services provider’s stock valued at $3,451,000 after acquiring an additional 1,100 shares during the last quarter. Ieq Capital LLC increased its position in shares of Zillow Group by 40.7% in the fourth quarter. Ieq Capital LLC now owns 29,323 shares of the financial services provider’s stock worth $2,171,000 after acquiring an additional 8,489 shares in the last quarter. TKG Advisors LLC acquired a new stake in shares of Zillow Group during the fourth quarter valued at approximately $5,409,000. CIBC Asset Management Inc boosted its stake in Zillow Group by 13.7% in the 4th quarter. CIBC Asset Management Inc now owns 6,907 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 831 shares during the period. Finally, Sanctuary Advisors LLC grew its position in Zillow Group by 74.3% during the 4th quarter. Sanctuary Advisors LLC now owns 5,991 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 2,554 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 7,175 shares of Zillow Group stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total value of $612,458.00. Following the completion of the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,481,540.32. The trade was a 6.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now owns 58,217 shares of the company’s stock, valued at approximately $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,838 shares of company stock worth $4,617,389 in the last 90 days. 23.76% of the stock is owned by company insiders.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $78.34 on Friday. The firm has a fifty day moving average price of $78.49 and a two-hundred day moving average price of $69.32. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $89.39.

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 analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley upped their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.00.

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.