Arlington Partners LLC Has $4.04 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Arlington Partners LLC trimmed its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 23.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,594 shares of the financial services provider’s stock after selling 16,610 shares during the quarter. Arlington Partners LLC’s holdings in Zillow Group were worth $4,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in Zillow Group in the 2nd quarter valued at approximately $319,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Zillow Group by 400.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 400 shares during the period. Creative Planning increased its position in Zillow Group by 3.0% in the 3rd quarter. Creative Planning now owns 19,139 shares of the financial services provider’s stock valued at $1,222,000 after acquiring an additional 558 shares during the period. Cornerstone Wealth Management LLC acquired a new position in Zillow Group in the 3rd quarter valued at approximately $213,000. Finally, Armstrong Fleming & Moore Inc acquired a new position in Zillow Group in the 3rd quarter valued at approximately $240,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Morgan Stanley upped their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Finally, Jefferies Financial Group upped their price objective on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.83.

Zillow Group Price Performance

Zillow Group stock opened at $87.32 on Monday. Zillow Group, Inc. has a 1-year low of $38.45 and a 1-year high of $88.15. The firm’s fifty day moving average price is $78.69 and its two-hundred day moving average price is $67.52. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Insider Buying and Selling at Zillow Group

In other news, CTO David A. Beitel sold 56,750 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the sale, the chief technology officer now owns 92 shares in the company, valued at $6,659.88. This represents a 99.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Daimler sold 3,694 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the sale, the insider now owns 18,770 shares of the company’s stock, valued at approximately $1,388,604.60. This represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,689 shares of company stock valued at $12,520,379. Corporate insiders own 23.76% of the company’s stock.

Zillow Group Company Profile

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.