Viewpoint Capital Management LLC Has $891,000 Position in Zillow Group, Inc. (NASDAQ:Z)

Viewpoint Capital Management LLC lessened its holdings in Zillow Group, Inc. (NASDAQ:Z) by 10.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,604 shares of the financial services provider’s stock after selling 1,660 shares during the quarter. Viewpoint Capital Management LLC’s holdings in Zillow Group were worth $891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Zillow Group by 2.4% in the third quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock valued at $444,000 after buying an additional 166 shares during the period. Arkadios Wealth Advisors boosted its holdings in Zillow Group by 0.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after acquiring an additional 198 shares during the last quarter. Doliver Advisors LP grew its position in Zillow Group by 3.3% in the 3rd quarter. Doliver Advisors LP now owns 9,681 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 310 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Zillow Group by 66.3% in the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 313 shares in the last quarter. Finally, Flynn Zito Capital Management LLC grew its stake in Zillow Group by 7.2% in the 2nd quarter. Flynn Zito Capital Management LLC now owns 4,810 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 325 shares during the period. Institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 4,050 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Zillow Group news, CAO Jennifer Rock sold 4,050 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lloyd D. Frink sold 150,000 shares of Zillow Group stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the completion of the sale, the chairman now owns 582 shares of the company’s stock, valued at $29,583.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,999 shares of company stock valued at $11,780,363. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Down 0.2 %

Zillow Group stock traded down $0.14 on Friday, hitting $59.65. 2,805,545 shares of the stock traded hands, compared to its average volume of 3,759,295. Zillow Group, Inc. has a 1 year low of $33.80 and a 1 year high of $68.73. The firm has a market cap of $14.09 billion, a P/E ratio of -86.45 and a beta of 1.95. 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 business’s fifty day simple moving average is $60.19 and its 200 day simple moving average is $50.66.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley raised their target price on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Zillow Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. UBS Group raised Zillow Group to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group boosted their target price on Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.33.

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.