Optas LLC Has $415,000 Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Optas LLC grew its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,611 shares of the financial services provider’s stock after buying an additional 681 shares during the quarter. Optas LLC’s holdings in Zillow Group were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Zillow Group by 17.5% during the fourth quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 137 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Zillow Group by 2.4% in the 3rd quarter. Brighton Jones LLC now owns 6,953 shares of the financial services provider’s stock worth $444,000 after buying an additional 166 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Zillow Group by 0.5% in the third quarter. Arkadios Wealth Advisors now owns 41,430 shares of the financial services provider’s stock valued at $2,645,000 after acquiring an additional 198 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Zillow Group by 17.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,617 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 245 shares during the last quarter. Finally, Mirador Capital Partners LP lifted its holdings in Zillow Group by 1.5% during the fourth quarter. Mirador Capital Partners LP now owns 19,955 shares of the financial services provider’s stock worth $1,478,000 after acquiring an additional 292 shares during the period. 71.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dan Spaulding sold 4,565 shares of Zillow Group stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the sale, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,689 shares of company stock valued at $12,520,379 in the last 90 days. Insiders own 23.76% of the company’s stock.

Zillow Group Stock Up 0.0 %

Shares of Zillow Group stock opened at $82.26 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.88. The company’s 50 day moving average price is $78.60 and its 200-day moving average price is $66.50. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of -144.32, a P/E/G ratio of 11.41 and a beta of 2.03.

Analyst Ratings Changes

A number of equities research analysts recently commented on Z shares. Bank of America lifted their price target on shares of Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a report on Thursday, November 7th. Jefferies Financial Group increased their target price 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. Baird R W upgraded shares of Zillow Group to a “hold” rating in a research note on Friday. Finally, Morgan Stanley upped their price target on shares of Zillow Group from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $72.83.

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.