Flynn Zito Capital Management LLC Acquires 325 Shares of Zillow Group, Inc. (NASDAQ:Z)

Flynn Zito Capital Management LLC lifted its holdings in Zillow Group, Inc. (NASDAQ:Z) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,810 shares of the financial services provider’s stock after acquiring an additional 325 shares during the period. Flynn Zito Capital Management LLC’s holdings in Zillow Group were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in Z. Van ECK Associates Corp boosted its stake in Zillow Group by 77.0% during the fourth quarter. Van ECK Associates Corp now owns 8,346 shares of the financial services provider’s stock worth $483,000 after buying an additional 3,631 shares during the period. Accretive Wealth Partners LLC boosted its stake in shares of Zillow Group by 4.3% during the 4th quarter. Accretive Wealth Partners LLC now owns 14,977 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 616 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Zillow Group by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,475,559 shares of the financial services provider’s stock valued at $85,376,000 after purchasing an additional 80,529 shares during the last quarter. Wealthspire Advisors LLC purchased a new stake in Zillow Group in the 4th quarter worth about $239,000. Finally, Principal Securities Inc. bought a new stake in Zillow Group in the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $53.32 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average price is $50.71 and its 200-day moving average price is $48.16. The firm has a market cap of $12.34 billion, a P/E ratio of -77.28 and a beta of 1.94. Zillow Group, Inc. has a 12 month low of $33.80 and a 12 month high of $61.13.

Zillow Group (NASDAQ:Z) last posted its earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The business had revenue of $572.00 million for the quarter, compared to the consensus estimate of $539.74 million. On average, equities research analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on Z shares. Wedbush reaffirmed a “neutral” rating and set a $50.00 target price on shares of Zillow Group in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Zillow Group from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. UBS Group upgraded Zillow Group to a “strong-buy” rating in a research report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Zillow Group in a report on Thursday, August 8th. Finally, Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a report on Thursday. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.20.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the completion of the transaction, the chief accounting officer now directly owns 79,694 shares of the company’s stock, valued at approximately $3,923,335.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Jay C. Hoag bought 816,866 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average price of $43.14 per share, with a total value of $35,239,599.24. Following the completion of the transaction, the director now directly owns 1,185,540 shares of the company’s stock, valued at approximately $51,144,195.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the sale, the chief accounting officer now owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The disclosure for this sale can be found here. Insiders have sold a total of 200,971 shares of company stock valued at $10,314,285 over the last ninety days. 23.76% of the stock is owned by company insiders.

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.