Carmel Capital Partners LLC Sells 13,286 Shares of Zillow Group, Inc. (NASDAQ:Z)

Carmel Capital Partners LLC lessened its position in Zillow Group, Inc. (NASDAQ:Z) by 41.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,389 shares of the financial services provider’s stock after selling 13,286 shares during the quarter. Carmel Capital Partners LLC’s holdings in Zillow Group were worth $1,174,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in Zillow Group by 364.4% in the 2nd quarter. Larson Financial Group LLC now owns 613 shares of the financial services provider’s stock worth $28,000 after buying an additional 481 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Zillow Group by 400.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC purchased a new position in Zillow Group during the 3rd quarter valued at about $35,000. Blue Trust Inc. increased its position in Zillow Group by 66.3% during the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 313 shares during the period. Finally, Quarry LP purchased a new position in Zillow Group during the 2nd quarter valued at about $61,000. Institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the sale, the director now directly owns 5,652 shares in the company, valued at $379,983.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $61.11, for a total transaction of $172,696.86. Following the transaction, the director now directly owns 2,826 shares in the company, valued at approximately $172,696.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,596 shares of company stock valued at $3,938,581 over the last 90 days. 23.76% of the stock is owned by insiders.

Zillow Group Price Performance

Zillow Group stock opened at $73.89 on Friday. Zillow Group, Inc. has a 52-week low of $35.44 and a 52-week high of $74.55. The firm has a market capitalization of $17.10 billion, a price-to-earnings ratio of -129.63 and a beta of 1.95. The company has a fifty day simple moving average of $61.57 and a 200-day simple moving average of $51.97. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.13. The firm had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $539.74 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.34%. On average, equities analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Z has been the topic of a number of recent analyst reports. Craig Hallum upgraded shares of Zillow Group to a “strong-buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald upgraded shares of Zillow Group to a “hold” rating in a report on Thursday, September 5th. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday. Finally, Bank of America lifted 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.33.

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.