Friedenthal Financial Purchases Shares of 10,185 Zillow Group, Inc. (NASDAQ:Z)

Friedenthal Financial purchased a new position in shares of Zillow Group, Inc. (NASDAQ:Z) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 10,185 shares of the financial services provider’s stock, valued at approximately $754,000.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Zillow Group by 179.5% in the 3rd quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after purchasing an additional 3,272,118 shares in the last quarter. Groupama Asset Managment bought a new stake in shares of Zillow Group during the third quarter worth about $83,005,000. Dorsal Capital Management LP raised its holdings in shares of Zillow Group by 59.8% in the 2nd quarter. Dorsal Capital Management LP now owns 3,100,000 shares of the financial services provider’s stock worth $143,809,000 after acquiring an additional 1,160,000 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Zillow Group in the 3rd quarter valued at about $38,310,000. Finally, Bridgewater Associates LP boosted its stake in Zillow Group by 428.2% during the 3rd quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock valued at $33,443,000 after purchasing an additional 424,615 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Activity at Zillow Group

In related news, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the sale, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. This represents a 99.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,689 shares of company stock worth $10,395,879. Insiders own 23.76% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the subject of several analyst reports. Jefferies Financial Group increased their price objective on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. 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 research report on Friday, October 18th. Morgan Stanley lifted their price objective on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.83.

Zillow Group Stock Performance

Z traded down $0.40 during midday trading on Monday, reaching $70.83. The company had a trading volume of 3,451,934 shares, compared to its average volume of 2,221,326. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $86.88. The business has a 50-day moving average price of $76.88 and a two-hundred day moving average price of $63.05. The stock has a market cap of $16.54 billion, a PE ratio of -124.26 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group Company 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.