Wealthfront Advisers LLC Has $2.21 Million Stock Position in Zillow Group, Inc. $Z

Wealthfront Advisers LLC reduced its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,491 shares of the financial services provider’s stock after selling 557 shares during the quarter. Wealthfront Advisers LLC’s holdings in Zillow Group were worth $2,206,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its position in Zillow Group by 288.9% in the 1st quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Zillow Group by 352.0% in the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock valued at $32,000 after buying an additional 352 shares during the period. National Pension Service grew its position in Zillow Group by 74.8% during the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares in the last quarter. GAMMA Investing LLC increased its stake in Zillow Group by 47.7% during the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 196 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in Zillow Group during the first quarter valued at about $49,000. 71.01% of the stock is owned by institutional investors.

Insider Activity at Zillow Group

In other news, Director April Underwood sold 3,621 shares of Zillow Group stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $90.12, for a total value of $326,324.52. Following the completion of the transaction, the director owned 483 shares in the company, valued at approximately $43,527.96. The trade was a 88.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeremy Hofmann sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $89.99, for a total value of $2,249,750.00. Following the completion of the transaction, the chief financial officer directly owned 84,146 shares in the company, valued at $7,572,298.54. The trade was a 22.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 657,087 shares of company stock valued at $56,286,479. Insiders own 25.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of research reports. Gordon Haskett upgraded Zillow Group to a “strong-buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. raised their target price on Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Bank of America lifted their price target on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Finally, Mizuho raised shares of Zillow Group to a “strong-buy” rating in a report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.43.

Zillow Group Stock Up 0.3%

Shares of Zillow Group stock opened at $71.72 on Friday. Zillow Group, Inc. has a 12-month low of $57.51 and a 12-month high of $93.88. The stock has a market capitalization of $17.38 billion, a P/E ratio of -275.85, a price-to-earnings-growth ratio of 24.46 and a beta of 2.13. The company has a 50-day simple moving average of $79.96 and a 200 day simple moving average of $74.97.

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.