Level Four Advisory Services LLC Sells 659 Shares of Zillow Group, Inc. $Z

Level Four Advisory Services LLC decreased its holdings in Zillow Group, Inc. (NASDAQ:Z) by 1.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,019 shares of the financial services provider’s stock after selling 659 shares during the period. Level Four Advisory Services LLC’s holdings in Zillow Group were worth $3,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Zillow Group by 7.8% in the first quarter. Vanguard Group Inc. now owns 22,589,955 shares of the financial services provider’s stock worth $1,548,767,000 after buying an additional 1,628,577 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Zillow Group by 11.4% during the first quarter. Ninety One UK Ltd now owns 4,029,503 shares of the financial services provider’s stock worth $276,263,000 after purchasing an additional 411,742 shares in the last quarter. Dorsal Capital Management LP increased its position in shares of Zillow Group by 4.7% during the fourth quarter. Dorsal Capital Management LP now owns 3,350,000 shares of the financial services provider’s stock worth $248,068,000 after purchasing an additional 150,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Zillow Group by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,584,537 shares of the financial services provider’s stock worth $108,636,000 after purchasing an additional 45,828 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Zillow Group by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,540,831 shares of the financial services provider’s stock worth $114,109,000 after purchasing an additional 65,724 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Transactions at Zillow Group

In related news, insider Dan Spaulding sold 100,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $85.91, for a total value of $8,591,000.00. Following the transaction, the insider directly owned 68,889 shares of the company’s stock, valued at $5,918,253.99. This represents a 59.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeremy Wacksman sold 11,275 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $85.73, for a total value of $966,605.75. Following the completion of the transaction, the chief executive officer directly owned 153,113 shares in the company, valued at approximately $13,126,377.49. The trade was a 6.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 580,379 shares of company stock worth $49,319,729 over the last 90 days. Insiders own 25.03% of the company’s stock.

Zillow Group Price Performance

NASDAQ Z opened at $81.10 on Thursday. The stock’s fifty day moving average price is $76.69 and its 200 day moving average price is $72.81. Zillow Group, Inc. has a 1 year low of $52.86 and a 1 year high of $89.39. The company has a market cap of $19.65 billion, a price-to-earnings ratio of -311.92, a PEG ratio of 15.73 and a beta of 2.09.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on Z shares. Bank of America upped their price target on Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research report on Monday, May 5th. Keefe, Bruyette & Woods reduced their price target on Zillow Group from $80.00 to $76.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company raised Zillow Group to a “hold” rating in a research report on Monday, April 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Zillow Group has an average rating of “Hold” and a consensus price target of $88.29.

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.