Newbridge Financial Services Group Inc. Grows Holdings in Zillow Group, Inc. (NASDAQ:Z)

Newbridge Financial Services Group Inc. lifted its holdings in Zillow Group, Inc. (NASDAQ:Z) by 77.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,415 shares of the financial services provider’s stock after purchasing an additional 618 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Zillow Group were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC acquired a new position in shares of Zillow Group in the 4th quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Zillow Group in the 3rd quarter valued at $33,000. Principal Securities Inc. purchased a new stake in Zillow Group in the 4th quarter valued at $53,000. Clearstead Advisors LLC raised its position in Zillow Group by 1,724.1% in the 3rd quarter. Clearstead Advisors LLC now owns 1,058 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new stake in Zillow Group in the 4th quarter valued at $210,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Z has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Jefferies Financial Group upped their price target on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Wedbush lowered their price target on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Zillow Group in a research note on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has an average rating of “Hold” and an average price target of $56.20.

Insider Buying and Selling at Zillow Group

In related news, insider Susan Daimler sold 5,907 shares of Zillow Group stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total transaction of $282,000.18. Following the sale, the insider now directly owns 29,665 shares in the company, valued at $1,416,207.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Susan Daimler sold 5,907 shares of Zillow Group stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total transaction of $282,000.18. Following the sale, the insider now directly owns 29,665 shares in the company, valued at $1,416,207.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jay C. Hoag purchased 816,866 shares of the company’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $43.14 per share, for a total transaction of $35,239,599.24. Following the completion of the transaction, the director now owns 1,185,540 shares of the company’s stock, valued at approximately $51,144,195.60. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 64,260 shares of company stock worth $2,846,739. 23.76% of the stock is owned by insiders.

Zillow Group Price Performance

NASDAQ Z traded up $0.67 during mid-day trading on Tuesday, hitting $47.48. The company’s stock had a trading volume of 518,978 shares, compared to its average volume of 3,896,707. Zillow Group, Inc. has a 52-week low of $33.80 and a 52-week high of $61.13. The stock’s fifty day simple moving average is $42.97 and its two-hundred day simple moving average is $49.84. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21.

Zillow Group (NASDAQ:Z) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). The firm had revenue of $529.00 million for the quarter, compared to analysts’ expectations of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same quarter in the prior year, the business earned ($0.06) EPS. Equities research analysts anticipate that Zillow Group, Inc. will post -0.4 earnings per share for the current fiscal year.

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.