17,250 Shares in Zillow Group, Inc. $Z Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,250 shares of the financial services provider’s stock, valued at approximately $1,177,000.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Zillow Group during the fourth quarter worth about $28,000. Flagship Harbor Advisors LLC purchased a new position in Zillow Group during the 4th quarter valued at approximately $43,000. Clearstead Advisors LLC grew its holdings in Zillow Group by 4,119.0% during the 3rd quarter. Clearstead Advisors LLC now owns 886 shares of the financial services provider’s stock valued at $68,000 after buying an additional 865 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new position in Zillow Group during the 4th quarter valued at approximately $68,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in Zillow Group during the 4th quarter valued at approximately $71,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 9,072 shares of Zillow Group stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $36.54, for a total transaction of $331,490.88. Following the completion of the sale, the chief executive officer directly owned 153,699 shares of the company’s stock, valued at $5,616,161.46. The trade was a 5.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dan Spaulding sold 3,078 shares of Zillow Group stock in a transaction on Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the transaction, the insider owned 49,696 shares in the company, valued at $1,858,630.40. This represents a 5.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 42,910 shares of company stock worth $1,605,732 over the last quarter. Insiders own 25.03% of the company’s stock.

Zillow Group Stock Performance

Shares of Z stock opened at $32.03 on Friday. Zillow Group, Inc. has a 52-week low of $31.49 and a 52-week high of $93.88. The firm has a market capitalization of $7.33 billion, a P/E ratio of 128.12, a P/E/G ratio of 1.40 and a beta of 1.97. The stock has a 50 day moving average price of $39.70 and a 200 day moving average price of $52.17.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million during the quarter, compared to analyst estimates of $705.10 million. As a group, sell-side analysts forecast that Zillow Group, Inc. will post 0.9 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group cut their price target on Zillow Group from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft cut their price target on Zillow Group from $80.00 to $68.00 and set a “buy” rating for the company in a report on Friday, May 8th. Keefe, Bruyette & Woods cut their price target on Zillow Group from $60.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, May 7th. Wall Street Zen upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, JPMorgan Chase & Co. cut their price target on Zillow Group from $84.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $76.00.

About Zillow Group

Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company’s platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company’s automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.