SVB Wealth LLC Takes $307,000 Position in Zillow Group, Inc. (NASDAQ:Z)

SVB Wealth LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,147 shares of the financial services provider’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also made changes to their positions in Z. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 137 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Zillow Group during the third quarter worth about $74,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Zillow Group by 86.3% during the fourth 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 in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after buying an additional 245 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in Zillow Group during the third quarter worth about $128,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

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

Zillow Group Stock Performance

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

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

Analysts Set New Price Targets

A number of research firms recently commented on Z. KeyCorp raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 2nd. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Morgan Stanley lifted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Five equities research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Zillow Group 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.