Brighton Jones LLC Increases Stock Position in Zillow Group, Inc. $Z

Brighton Jones LLC boosted its stake in Zillow Group, Inc. (NASDAQ:Z) by 2.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,747 shares of the financial services provider’s stock after acquiring an additional 140 shares during the period. Brighton Jones LLC’s holdings in Zillow Group were worth $403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its stake in Zillow Group by 352.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock valued at $32,000 after buying an additional 352 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Zillow Group by 288.9% in the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 338 shares in the last quarter. National Pension Service lifted its position in shares of Zillow Group by 74.8% in the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 247 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Zillow Group by 47.7% in the first quarter. GAMMA Investing LLC now owns 607 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 196 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Zillow Group in the 1st quarter valued at about $49,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $89.99, for a total value of $2,249,750.00. Following the transaction, the chief financial officer directly owned 84,146 shares in the company, valued at $7,572,298.54. This trade represents a 22.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David A. Beitel sold 22,510 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $90.97, for a total transaction of $2,047,734.70. Following the completion of the transaction, the chief technology officer owned 144,549 shares in the company, valued at $13,149,622.53. The trade was a 13.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 657,087 shares of company stock worth $56,286,479. Corporate insiders own 25.03% of the company’s stock.

Zillow Group Trading Up 0.3%

Shares of Z opened at $71.72 on Friday. The firm has a market capitalization of $17.38 billion, a P/E ratio of -275.85, a price-to-earnings-growth ratio of 24.46 and a beta of 2.13. The stock’s fifty day simple moving average is $79.96 and its 200 day simple moving average is $74.97. Zillow Group, Inc. has a twelve month low of $57.51 and a twelve month high of $93.88.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on Z shares. Oppenheimer started coverage on shares of Zillow Group in a report on Monday, October 6th. They issued a “market perform” rating on the stock. Mizuho raised shares of Zillow Group to a “strong-buy” rating in a research note on Monday, September 29th. Gordon Haskett raised shares of Zillow Group to a “strong-buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. increased their price target on Zillow Group from $79.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.43.

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.