Geneos Wealth Management Inc. Trims Stake in Zillow Group, Inc. (NASDAQ:Z)

Geneos Wealth Management Inc. lowered its holdings in Zillow Group, Inc. (NASDAQ:Z) by 48.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,995 shares of the financial services provider’s stock after selling 1,850 shares during the period. Geneos Wealth Management Inc.’s holdings in Zillow Group were worth $148,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. abrdn plc raised its position in Zillow Group by 98.0% during the third quarter. abrdn plc now owns 48,990 shares of the financial services provider’s stock valued at $3,128,000 after purchasing an additional 24,247 shares in the last quarter. IVY Lane Capital Management LLC raised its holdings in shares of Zillow Group by 35.0% during the 3rd quarter. IVY Lane Capital Management LLC now owns 135,000 shares of the financial services provider’s stock valued at $8,620,000 after buying an additional 35,000 shares in the last quarter. Donoghue Forlines LLC bought a new stake in Zillow Group in the 4th quarter worth approximately $1,932,000. Thrivent Financial for Lutherans purchased a new stake in shares of Zillow Group in the 3rd quarter valued at $6,267,000. Finally, Friedenthal Financial bought a new position in shares of Zillow Group during the 4th quarter valued at $754,000. Institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Z has been the subject of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Bank of America raised their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Morgan Stanley upped their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. 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, October 22nd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.83.

Insider Activity

In other news, insider Susan Daimler sold 3,694 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the completion of the sale, the insider now owns 18,770 shares of the company’s stock, valued at $1,388,604.60. This represents a 16.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of the business’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 transaction of $89,663.76. Following the sale, the general counsel now owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This trade represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,689 shares of company stock valued at $12,520,379 over the last three months. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Performance

Shares of Z opened at $83.92 on Friday. The company has a market cap of $19.60 billion, a price-to-earnings ratio of -147.23, a P/E/G ratio of 10.72 and a beta of 2.02. The business’s fifty day simple moving average is $78.68 and its two-hundred day simple moving average is $65.89. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $86.88. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

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.