TriaGen Wealth Management LLC Buys New Shares in Zillow Group, Inc. (NASDAQ:Z)

TriaGen Wealth Management LLC purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,491 shares of the financial services provider’s stock, valued at approximately $287,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dorsal Capital Management LP grew its stake in shares of Zillow Group by 59.8% in the second quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock valued at $143,809,000 after buying an additional 1,160,000 shares in the last quarter. Natixis acquired a new stake in shares of Zillow Group in the first quarter valued at about $41,129,000. Greencape Capital Pty Ltd grew its stake in shares of Zillow Group by 93.0% in the first quarter. Greencape Capital Pty Ltd now owns 1,632,790 shares of the financial services provider’s stock valued at $79,647,000 after buying an additional 786,600 shares in the last quarter. Coronation Fund Managers Ltd. grew its stake in shares of Zillow Group by 238.9% in the second quarter. Coronation Fund Managers Ltd. now owns 864,733 shares of the financial services provider’s stock valued at $40,115,000 after buying an additional 609,575 shares in the last quarter. Finally, Capital World Investors grew its stake in shares of Zillow Group by 2.8% in the first quarter. Capital World Investors now owns 8,846,232 shares of the financial services provider’s stock valued at $431,519,000 after buying an additional 238,554 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the sale, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 4,050 shares of Zillow Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total value of $199,381.50. Following the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,999 shares of company stock worth $11,780,363. 23.76% of the stock is owned by company insiders.

Zillow Group Stock Performance

Z traded up $1.08 during trading hours on Friday, hitting $63.71. The company’s stock had a trading volume of 2,032,841 shares, compared to its average volume of 3,792,521. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $68.73. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $15.05 billion, a PE ratio of -92.33 and a beta of 1.95. The company has a 50-day simple moving average of $59.44 and a 200 day simple moving average of $50.19.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $539.74 million. As a group, sell-side analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Z has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 9th. Bank of America increased their price target on Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Craig Hallum raised Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and an average target price of $67.83.

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.