MQS Management LLC Buys Shares of 4,578 Zillow Group, Inc. (NASDAQ:Z)

MQS Management LLC bought a new stake in Zillow Group, Inc. (NASDAQ:Z) in the first quarter, HoldingsChannel.com reports. The fund bought 4,578 shares of the financial services provider’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in shares of Zillow Group during the fourth quarter worth approximately $25,000. Concord Wealth Partners acquired a new stake in Zillow Group in the first quarter worth approximately $26,000. Fidelis Capital Partners LLC acquired a new stake in Zillow Group in the first quarter worth approximately $37,000. Principal Securities Inc. acquired a new stake in Zillow Group in the fourth quarter worth approximately $53,000. Finally, Mather Group LLC. bought a new position in shares of Zillow Group in the first quarter valued at $62,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Z has been the topic of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Wedbush dropped their price target on Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.20.

Insider Transactions at Zillow Group

In other news, insider Susan Daimler sold 5,907 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total value of $282,000.18. Following the transaction, the insider now directly owns 29,665 shares of the company’s stock, valued at $1,416,207.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Susan Daimler sold 5,907 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total value of $282,000.18. Following the transaction, the insider now directly owns 29,665 shares of the company’s stock, valued at $1,416,207.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay C. Hoag purchased 1,000,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $42.27 per share, for a total transaction of $42,270,000.00. Following the completion of the purchase, the director now directly owns 652,520 shares of the company’s stock, valued at approximately $27,582,020.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 60,041 shares of company stock valued at $2,637,477. 23.76% of the stock is owned by insiders.

Zillow Group Stock Up 2.0 %

NASDAQ:Z traded up $0.97 during trading hours on Thursday, hitting $48.47. 3,841,042 shares of the stock traded hands, compared to its average volume of 3,850,910. The firm has a 50 day moving average price of $45.86 and a 200 day moving average price of $48.94. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. Zillow Group, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $61.13. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of -70.25 and a beta of 1.98.

Zillow Group (NASDAQ:Z) last announced its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $529.00 million for the quarter, compared to analyst estimates of $509.30 million. During the same period last year, the firm earned ($0.06) earnings per share. Equities research analysts anticipate that Zillow Group, Inc. will post -0.42 earnings per share for the current year.

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.