Friedenthal Financial Makes New Investment in Zillow Group, Inc. (NASDAQ:Z)

Friedenthal Financial bought a new stake in shares of Zillow Group, Inc. (NASDAQ:Z) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,185 shares of the financial services provider’s stock, valued at approximately $754,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc raised its position in shares of Zillow Group by 10.7% during the second quarter. TD Asset Management Inc now owns 14,420 shares of the financial services provider’s stock valued at $669,000 after buying an additional 1,398 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Zillow Group in the 2nd quarter worth approximately $158,000. Daiwa Securities Group Inc. grew its holdings in shares of Zillow Group by 8.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 10,836 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 800 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Zillow Group by 41.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the financial services provider’s stock valued at $1,627,000 after purchasing an additional 10,260 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Zillow Group by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,423,257 shares of the financial services provider’s stock worth $66,032,000 after purchasing an additional 139,489 shares during the period. 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 recent analyst reports. Morgan Stanley raised their price target on Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and raised their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. 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. Finally, Bank of America boosted their target price on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $72.83.

Zillow Group Stock Performance

Shares of Z stock traded down $0.40 on Monday, hitting $70.83. The company’s stock had a trading volume of 3,451,934 shares, compared to its average volume of 2,221,326. Zillow Group, Inc. has a fifty-two week low of $38.45 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The stock’s 50 day moving average is $76.88 and its 200-day moving average is $63.05. The company has a market capitalization of $16.54 billion, a PE ratio of -124.26 and a beta of 2.02.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 3,187 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,649 shares in the company, valued at approximately $5,154,026. This represents a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the transaction, the chief technology officer now owns 92 shares of the company’s stock, valued at $6,659.88. This represents a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock valued at $10,395,879 over the last quarter. 23.76% of the stock is owned by company insiders.

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.