Flynn Zito Capital Management LLC Purchases 325 Shares of Zillow Group, Inc. (NASDAQ:Z)

Flynn Zito Capital Management LLC boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 7.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,810 shares of the financial services provider’s stock after buying an additional 325 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Zillow Group were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Legacy Capital Group California Inc. raised its holdings in shares of Zillow Group by 3.1% during the fourth quarter. Legacy Capital Group California Inc. now owns 8,794 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 264 shares in the last quarter. Level Four Advisory Services LLC lifted its position in shares of Zillow Group by 0.9% in the 4th quarter. Level Four Advisory Services LLC now owns 33,058 shares of the financial services provider’s stock worth $1,913,000 after purchasing an additional 282 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Zillow Group by 0.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 86,527 shares of the financial services provider’s stock worth $4,221,000 after purchasing an additional 403 shares during the period. Wedmont Private Capital boosted its stake in shares of Zillow Group by 1.9% during the 1st quarter. Wedmont Private Capital now owns 24,920 shares of the financial services provider’s stock valued at $1,196,000 after purchasing an additional 468 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Zillow Group by 364.4% during the second quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after buying an additional 481 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on Z. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Wedbush reissued a “neutral” rating and set a $50.00 price objective on shares of Zillow Group in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $57.20.

Insiders Place Their Bets

In other Zillow Group news, General Counsel Bradley D. Owens sold 752 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total transaction of $39,953.76. Following the sale, the general counsel now owns 35,259 shares in the company, valued at approximately $1,873,310.67. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Jeremy Hofmann sold 7,155 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $56.89, for a total value of $407,047.95. Following the completion of the transaction, the chief financial officer now owns 111,239 shares of the company’s stock, valued at $6,328,386.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 752 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the sale, the general counsel now owns 35,259 shares of the company’s stock, valued at approximately $1,873,310.67. The disclosure for this sale can be found here. Insiders sold a total of 200,971 shares of company stock worth $10,314,285 over the last quarter. 23.76% of the stock is currently owned by corporate insiders.

Zillow Group Stock Performance

Z stock opened at $53.32 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $61.13. The company has a market cap of $12.34 billion, a P/E ratio of -77.28 and a beta of 1.94. The stock’s fifty day moving average price is $50.71 and its 200-day moving average price is $48.16.

Zillow Group (NASDAQ:Z) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.13. The firm had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $539.74 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. On average, equities analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

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.