Fortis Capital Advisors LLC Sells 2,052 Shares of Zillow Group, Inc. $Z

Fortis Capital Advisors LLC decreased its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 20.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,031 shares of the financial services provider’s stock after selling 2,052 shares during the period. Fortis Capital Advisors LLC’s holdings in Zillow Group were worth $563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of Z. Wealth Enhancement Advisory Services LLC increased its position in Zillow Group by 46.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,033 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 2,879 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Zillow Group by 10,025.5% in the first quarter. GAMMA Investing LLC now owns 41,616 shares of the financial services provider’s stock worth $2,853,000 after purchasing an additional 41,205 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Zillow Group by 141.8% in the first quarter. Parallel Advisors LLC now owns 1,678 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 984 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Zillow Group by 1.7% in the first quarter. Rhumbline Advisers now owns 182,624 shares of the financial services provider’s stock worth $12,521,000 after purchasing an additional 3,045 shares during the last quarter. Finally, TB Alternative Assets Ltd. grew its holdings in shares of Zillow Group by 49.0% in the first quarter. TB Alternative Assets Ltd. now owns 570,913 shares of the financial services provider’s stock worth $39,142,000 after purchasing an additional 187,671 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on Z shares. JPMorgan Chase & Co. upped their price target on shares of Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a report on Wednesday, September 17th. Mizuho upgraded shares of Zillow Group to a “strong-buy” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research note on Saturday, September 27th. Finally, Bank of America upped their price objective on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $90.38.

Zillow Group Price Performance

NASDAQ:Z opened at $76.79 on Friday. The firm has a market cap of $18.60 billion, a PE ratio of -295.35, a price-to-earnings-growth ratio of 21.38 and a beta of 2.13. The company has a 50-day moving average of $83.19 and a 200 day moving average of $74.17. Zillow Group, Inc. has a 1-year low of $57.00 and a 1-year high of $93.88.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 25,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $89.99, for a total transaction of $2,249,750.00. Following the completion of the sale, the chief financial officer directly owned 84,146 shares of the company’s stock, valued at approximately $7,572,298.54. This represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Erik C. Blachford sold 966 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $81.91, for a total transaction of $79,125.06. Following the sale, the director directly owned 34,508 shares of the company’s stock, valued at approximately $2,826,550.28. The trade was a 2.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 657,087 shares of company stock valued at $56,286,479. 25.03% of the stock is currently owned by corporate insiders.

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.