Selective Wealth Management Inc. acquired a new position in shares of Zillow Group Inc (NASDAQ:Z) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 127,900 shares of the financial services provider’s stock, valued at approximately $3,814,000. Zillow Group comprises 5.2% of Selective Wealth Management Inc.’s portfolio, making the stock its 9th largest holding.
A number of other institutional investors also recently bought and sold shares of Z. Coastal Investment Advisors Inc. increased its stake in shares of Zillow Group by 177.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 554 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 354 shares during the last quarter. WealthStone Inc. bought a new position in shares of Zillow Group in the 2nd quarter valued at $30,000. MUFG Americas Holdings Corp bought a new position in shares of Zillow Group in the 2nd quarter valued at $32,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Zillow Group in the 3rd quarter valued at $48,000. Finally, Kavar Capital Partners LLC bought a new position in shares of Zillow Group in the 2nd quarter valued at $87,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.
Several equities research analysts recently weighed in on the company. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. BidaskClub raised Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Morgan Stanley cut their price objective on Zillow Group from $37.00 to $32.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. TheStreet downgraded Zillow Group from a “c-” rating to a “d+” rating in a report on Wednesday, September 4th. Finally, KeyCorp cut their price objective on Zillow Group from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Zillow Group currently has an average rating of “Hold” and an average target price of $40.55.
Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, August 7th. The financial services provider reported ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.21). The company had revenue of $599.58 million for the quarter. Zillow Group had a negative return on equity of 5.12% and a negative net margin of 13.49%.
In other news, Director Spencer M. Rascoff sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $34.15, for a total value of $68,300.00. Following the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at approximately $478,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 1,950 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $35.73, for a total value of $69,673.50. Following the completion of the transaction, the chief accounting officer now directly owns 35,105 shares in the company, valued at $1,254,301.65. The disclosure for this sale can be found here. Insiders have sold a total of 10,989 shares of company stock worth $391,189 over the last ninety days. Company insiders own 19.87% of the company’s stock.
Zillow Group Company Profile
Zillow Group, Inc operates real estate and home-related brands on mobile and the Web in the United States. The company offers a portfolio of brands and products to empowering consumers with unparalleled data, inspiration, and knowledge around homes and connecting them with real estate professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.
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