Carmel Capital Partners LLC Has $1.45 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Carmel Capital Partners LLC lifted its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,616 shares of the financial services provider’s stock after purchasing an additional 1,227 shares during the quarter. Carmel Capital Partners LLC’s holdings in Zillow Group were worth $1,453,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Assetmark Inc. boosted its holdings in shares of Zillow Group by 7,410.0% during the 4th quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock worth $56,000 after buying an additional 741 shares during the period. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after buying an additional 137 shares during the period. Brooklyn Investment Group bought a new stake in shares of Zillow Group during the 3rd quarter worth $74,000. Smartleaf Asset Management LLC boosted its holdings in shares of Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after buying an additional 367 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Zillow Group by 86.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock worth $94,000 after buying an additional 579 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other news, COO Jun Choo sold 55,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Rock sold 3,033 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $82.78, for a total transaction of $251,071.74. Following the completion of the transaction, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,098 shares of company stock worth $7,911,237. 23.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Z has been the subject of a number of research reports. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Morgan Stanley increased their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 2nd. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $82.00.

Zillow Group Stock Up 3.3 %

Shares of Zillow Group stock opened at $76.91 on Thursday. The stock has a market capitalization of $18.66 billion, a P/E ratio of -163.64, a price-to-earnings-growth ratio of 9.24 and a beta of 2.03. The company has a 50-day simple moving average of $78.16 and a 200 day simple moving average of $71.10. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $89.39.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.