WT Wealth Management Takes $1.46 Million Position in Zillow Group, Inc. $Z

WT Wealth Management purchased a new position in Zillow Group, Inc. (NASDAQ:Z) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,920 shares of the financial services provider’s stock, valued at approximately $1,458,000.

Several other institutional investors also recently bought and sold shares of the business. TD Private Client Wealth LLC lifted its holdings in Zillow Group by 352.0% during the second quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 352 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Zillow Group by 58.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 185 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Zillow Group by 25.1% in the second quarter. Farther Finance Advisors LLC now owns 792 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 159 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Zillow Group by 46.0% in the 2nd quarter. GAMMA Investing LLC now owns 886 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 279 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Zillow Group in the second quarter valued at about $67,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on Z. Mizuho upgraded shares of Zillow Group to a “strong-buy” rating in a report on Monday, September 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, October 8th. Gordon Haskett upgraded Zillow Group to a “strong-buy” rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods decreased their target price on Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Finally, Oppenheimer began coverage on Zillow Group in a research report on Monday, October 6th. They issued a “market perform” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.14.

Insider Buying and Selling at Zillow Group

In other news, General Counsel Bradley D. Owens sold 2,722 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $67.41, for a total value of $183,490.02. Following the completion of the sale, the general counsel owned 37,974 shares of the company’s stock, valued at $2,559,827.34. This represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dan Spaulding sold 5,455 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.40, for a total transaction of $378,577.00. Following the completion of the transaction, the insider directly owned 50,342 shares in the company, valued at approximately $3,493,734.80. This represents a 9.78% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 67,511 shares of company stock worth $4,766,357. Company insiders own 25.03% of the company’s stock.

Zillow Group Stock Down 3.4%

Shares of NASDAQ Z opened at $65.92 on Friday. The stock has a market capitalization of $15.96 billion, a PE ratio of -470.82, a P/E/G ratio of 3.65 and a beta of 2.07. The firm has a fifty day moving average of $71.63 and a 200-day moving average of $76.36. Zillow Group, Inc. has a 52-week low of $57.51 and a 52-week high of $93.88.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The firm had revenue of $729.00 million for the quarter, compared to analysts’ expectations of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. Equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Zillow Group Company 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.