Western Financial Corp CA Purchases Shares of 6,715 Zillow Group, Inc. (NASDAQ:Z)

Western Financial Corp CA acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,715 shares of the financial services provider’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC raised its position in shares of Zillow Group by 179.5% in the third quarter. FMR LLC now owns 5,095,336 shares of the financial services provider’s stock worth $325,337,000 after acquiring an additional 3,272,118 shares during the period. Groupama Asset Managment acquired a new position in Zillow Group in the 3rd quarter worth about $83,005,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Zillow Group during the third quarter worth approximately $38,310,000. Bridgewater Associates LP boosted its position in Zillow Group by 428.2% during the third quarter. Bridgewater Associates LP now owns 523,772 shares of the financial services provider’s stock worth $33,443,000 after purchasing an additional 424,615 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Zillow Group by 0.7% in the third quarter. Swiss National Bank now owns 466,834 shares of the financial services provider’s stock valued at $29,807,000 after purchasing an additional 3,300 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,689 shares of company stock valued at $12,520,379 over the last three months. 23.76% of the stock is currently owned by company insiders.

Zillow Group Stock Down 2.0 %

Z stock opened at $82.22 on Friday. Zillow Group, Inc. has a 12 month low of $38.45 and a 12 month high of $86.88. 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 company has a market cap of $19.20 billion, a price-to-earnings ratio of -144.25, a price-to-earnings-growth ratio of 11.21 and a beta of 2.02. The company has a fifty day moving average price of $78.64 and a 200 day moving average price of $66.11.

Analysts Set New Price Targets

Z has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of Zillow Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a research report on Thursday, November 7th. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday. Morgan Stanley increased their target price on shares of 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, Bank of America increased their price objective on shares of Zillow Group from $54.00 to $71.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Five investment 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. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $72.83.

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.