Sheaff Brock Investment Advisors LLC Invests $285,000 in Zillow Group, Inc. (Z) Stock

Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,821 shares of the financial services provider’s stock, valued at approximately $285,000.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its holdings in Zillow Group by 1,820.7% during the 1st quarter. BlackRock Inc. now owns 5,473,739 shares of the financial services provider’s stock worth $184,301,000 after acquiring an additional 5,188,752 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Zillow Group by 949.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,302,610 shares of the financial services provider’s stock worth $144,869,000 after acquiring an additional 3,892,431 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Zillow Group by 19.1% during the 1st quarter. Wellington Management Group LLP now owns 15,312,733 shares of the financial services provider’s stock worth $515,579,000 after acquiring an additional 2,452,824 shares during the last quarter. SRS Investment Management LLC boosted its holdings in Zillow Group by 89.3% during the 1st quarter. SRS Investment Management LLC now owns 4,668,461 shares of the financial services provider’s stock worth $157,187,000 after acquiring an additional 2,202,599 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Zillow Group by 34.3% during the 1st quarter. Morgan Stanley now owns 3,004,921 shares of the financial services provider’s stock worth $101,176,000 after acquiring an additional 767,765 shares during the last quarter. Institutional investors and hedge funds own 86.21% of the company’s stock.

Shares of Zillow Group, Inc. (NASDAQ Z) opened at 39.11 on Tuesday. The company’s market capitalization is $7.25 billion. The stock’s 50 day moving average price is $41.73 and its 200 day moving average price is $40.84. Zillow Group, Inc. has a 12 month low of $31.22 and a 12 month high of $51.23.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.12) earnings per share for the quarter. Zillow Group had a negative net margin of 4.47% and a negative return on equity of 0.40%. The company had revenue of $266.85 million for the quarter. On average, analysts forecast that Zillow Group, Inc. will post $0.50 EPS for the current year.

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A number of brokerages recently weighed in on Z. Cowen and Company reissued a “hold” rating on shares of Zillow Group in a report on Friday, July 14th. Deutsche Bank AG boosted their price target on shares of Zillow Group to $50.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Stifel Nicolaus reissued a “buy” rating and issued a $54.50 price target (up from $46.00) on shares of Zillow Group in a report on Friday, June 30th. Benchmark Co. reissued a “buy” rating and issued a $55.00 price target on shares of Zillow Group in a report on Sunday, July 2nd. Finally, BidaskClub downgraded shares of Zillow Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $46.06.

In related news, COO Amy Bohutinsky sold 147,000 shares of Zillow Group stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.23, for a total transaction of $6,648,810.00. Following the sale, the chief operating officer now owns 43,000 shares of the company’s stock, valued at approximately $1,944,890. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Lloyd D. Frink sold 13,600 shares of Zillow Group stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $44.50, for a total value of $605,200.00. Following the sale, the insider now directly owns 4,498,008 shares in the company, valued at approximately $200,161,356. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,111 shares of company stock worth $12,201,269. Insiders own 26.97% of the company’s stock.

Zillow Group Profile

Zillow Group, Inc operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

Want to see what other hedge funds are holding Z? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:Z).

Institutional Ownership by Quarter for Zillow Group (NASDAQ:Z)

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