Carmel Capital Partners LLC Decreases Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Carmel Capital Partners LLC trimmed its holdings in Zillow Group, Inc. (NASDAQ:Z) by 41.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,389 shares of the financial services provider’s stock after selling 13,286 shares during the period. Carmel Capital Partners LLC’s holdings in Zillow Group were worth $1,174,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Zillow Group by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Zillow Group in the 3rd quarter valued at $35,000. Larson Financial Group LLC boosted its position in shares of Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 481 shares during the period. Blue Trust Inc. boosted its position in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the period. Finally, Quarry LP purchased a new stake in Zillow Group in the 2nd quarter worth about $61,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on Z. Bank of America raised their price target on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $50.00 to $80.00 in a report on Monday, September 16th. Morgan Stanley lifted their price objective on Zillow Group from $46.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Cantor Fitzgerald raised Zillow Group to a “hold” rating in a report on Thursday, September 5th. Finally, Jefferies Financial Group raised 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. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.33.

Insider Buying and Selling at Zillow Group

In other news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares in the company, valued at $379,983.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated 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 sale, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thielke Claire Cormier sold 2,826 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the transaction, the director now directly owns 2,826 shares in the company, valued at $172,696.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,596 shares of company stock valued at $3,938,581. Company insiders own 23.76% of the company’s stock.

Zillow Group Trading Up 1.7 %

Z stock opened at $73.89 on Friday. The company has a market cap of $17.10 billion, a P/E ratio of -129.63 and a beta of 1.95. Zillow Group, Inc. has a twelve month low of $35.44 and a twelve month high of $74.55. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $61.57 and a 200-day moving average of $51.97.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative return on equity of 2.34% and a negative net margin of 6.17%. The business had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $539.74 million. As a group, equities research analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current year.

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.