Park Avenue Securities LLC Has $759,000 Stock Position in Zillow Group, Inc. (NASDAQ:Z)

Park Avenue Securities LLC lifted its stake in Zillow Group, Inc. (NASDAQ:Z) by 14.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,247 shares of the financial services provider’s stock after buying an additional 1,324 shares during the period. Park Avenue Securities LLC’s holdings in Zillow Group were worth $759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of Z. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Zillow Group by 400.0% during 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 during the period. V Square Quantitative Management LLC bought a new position in Zillow Group during the third quarter worth about $35,000. Blue Trust Inc. grew its holdings in Zillow Group by 66.3% during the third quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 313 shares during the period. Quarry LP bought a new position in Zillow Group during the second quarter worth about $61,000. Finally, Brooklyn Investment Group bought a new position in Zillow Group during the third quarter worth about $74,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on Z. Jefferies Financial Group lifted their price target on Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Bank of America boosted their price objective on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Morgan Stanley boosted their price objective on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.83.

Zillow Group Stock Performance

Shares of Z opened at $78.08 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a 50-day moving average of $77.87 and a 200-day moving average of $64.50. The company has a market cap of $18.24 billion, a PE ratio of -136.98, a P/E/G ratio of 13.33 and a beta of 2.02. Zillow Group, Inc. has a one year low of $38.45 and a one year high of $86.88.

Insider Buying and Selling at Zillow Group

In related news, CAO Jennifer Rock sold 3,033 shares of Zillow Group stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the sale, the chief accounting officer now owns 57,166 shares of the company’s stock, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $86.22, for a total transaction of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,689 shares of company stock worth $10,395,879. Insiders own 23.76% of the company’s stock.

About Zillow Group

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.