IFP Advisors Inc Purchases 73,500 Shares of Zillow Group, Inc. $Z

IFP Advisors Inc grew its position in Zillow Group, Inc. (NASDAQ:Z) by 17,458.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 73,921 shares of the financial services provider’s stock after acquiring an additional 73,500 shares during the quarter. IFP Advisors Inc’s holdings in Zillow Group were worth $5,043,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in Z. Empowered Funds LLC increased its stake in Zillow Group by 4.7% in the 1st quarter. Empowered Funds LLC now owns 3,822 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 171 shares during the last quarter. Intech Investment Management LLC increased its stake in Zillow Group by 21.7% in the 1st quarter. Intech Investment Management LLC now owns 20,518 shares of the financial services provider’s stock worth $1,407,000 after acquiring an additional 3,653 shares during the last quarter. American Century Companies Inc. increased its stake in Zillow Group by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 23,064 shares of the financial services provider’s stock worth $1,616,000 after acquiring an additional 362 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Zillow Group by 186.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,678 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 1,092 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Zillow Group by 1,895.4% in the 2nd quarter. First Trust Advisors LP now owns 128,362 shares of the financial services provider’s stock worth $8,992,000 after acquiring an additional 121,929 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Activity at Zillow Group

In related news, General Counsel Bradley D. Owens sold 3,364 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $37.23, for a total transaction of $125,241.72. Following the completion of the transaction, the general counsel owned 65,245 shares in the company, valued at $2,429,071.35. The trade was a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Wacksman sold 6,051 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $37.92, for a total value of $229,453.92. Following the transaction, the chief executive officer owned 162,771 shares of the company’s stock, valued at approximately $6,172,276.32. The trade was a 3.58% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 33,047 shares of company stock worth $1,246,715 over the last quarter. 25.03% of the stock is owned by insiders.

Zillow Group Stock Performance

NASDAQ Z opened at $36.47 on Thursday. The company has a market cap of $8.34 billion, a P/E ratio of 145.88, a P/E/G ratio of 1.54 and a beta of 2.07. The business’s 50 day moving average price is $42.41 and its 200-day moving average price is $56.35. Zillow Group, Inc. has a fifty-two week low of $34.70 and a fifty-two week high of $93.88.

Zillow Group (NASDAQ:Z) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.10. The firm had revenue of $708.00 million for the quarter, compared to the consensus estimate of $705.10 million. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on Z. Deutsche Bank Aktiengesellschaft reduced their price objective on Zillow Group from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Zelman & Associates raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Barclays raised Zillow Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings raised Zillow Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Zillow Group Profile

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.