Optas LLC Buys 681 Shares of Zillow Group, Inc. (NASDAQ:Z)

Optas LLC lifted its stake in shares of Zillow Group, Inc. (NASDAQ:Z) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,611 shares of the financial services provider’s stock after acquiring an additional 681 shares during the quarter. Optas LLC’s holdings in Zillow Group were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in Z. Blue Trust Inc. boosted its position in shares of Zillow Group by 17.5% in the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares during the period. Brighton Jones LLC boosted its holdings in Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after buying an additional 166 shares during the period. Arkadios Wealth Advisors boosted its holdings in Zillow Group by 0.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock worth $2,645,000 after buying an additional 198 shares during the period. Rosenberg Matthew Hamilton increased its stake in Zillow Group by 17.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock worth $120,000 after buying an additional 245 shares in the last quarter. Finally, Mirador Capital Partners LP raised its holdings in Zillow Group by 1.5% during the fourth quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 292 shares during the period. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on Z shares. Jefferies Financial Group increased their target price on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday. Finally, Morgan Stanley boosted their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $72.83.

Zillow Group Price Performance

Z stock opened at $82.26 on Tuesday. The company has a fifty day simple moving average of $78.60 and a two-hundred day simple moving average of $66.50. Zillow Group, Inc. has a 52 week low of $38.45 and a 52 week high of $86.88. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $19.21 billion, a P/E ratio of -144.32, a price-to-earnings-growth ratio of 11.41 and a beta of 2.03.

Insider Activity at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of the company’s 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 $89,663.76. Following the transaction, the general counsel now directly owns 31,739 shares in the company, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,689 shares of company stock valued at $12,520,379. Insiders own 23.76% of the company’s stock.

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.