Pekin Hardy Strauss Inc. Has $1.21 Million Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Pekin Hardy Strauss Inc. lifted its stake in Zillow Group, Inc. (NASDAQ:Z) by 38.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,950 shares of the financial services provider’s stock after purchasing an additional 5,275 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Zillow Group were worth $1,210,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in Z. UniSuper Management Pty Ltd boosted its position in Zillow Group by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,200 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 1,100 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Zillow Group by 13.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 60,256 shares of the financial services provider’s stock worth $2,942,000 after purchasing an additional 6,977 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Zillow Group by 5.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,263 shares of the financial services provider’s stock worth $4,355,000 after buying an additional 4,830 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Zillow Group during the 1st quarter valued at approximately $393,000. Finally, Plato Investment Management Ltd grew its stake in shares of Zillow Group by 1,336.8% during the first quarter. Plato Investment Management Ltd now owns 10,345 shares of the financial services provider’s stock worth $505,000 after buying an additional 9,625 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 17,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the completion of the transaction, the insider now owns 22,739 shares in the company, valued at $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the transaction, the chief operating officer now owns 88,130 shares of the company’s stock, valued at $6,618,563. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,419 shares of company stock worth $11,371,413 in the last ninety days. Company insiders own 23.76% of the company’s stock.

Zillow Group Price Performance

Z stock opened at $83.77 on Monday. 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 business has a 50 day moving average of $65.81 and a 200-day moving average of $54.50. Zillow Group, Inc. has a 12-month low of $38.45 and a 12-month high of $84.75.

Wall Street Analysts Forecast Growth

Z has been the topic of several research reports. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock 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 research report on Wednesday, October 2nd. Jefferies Financial Group boosted their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Craig Hallum upgraded Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Finally, UBS Group upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.33.

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.