Atomi Financial Group Inc. Boosts Stock Holdings in Zillow Group, Inc. (NASDAQ:Z)

Atomi Financial Group Inc. lifted its holdings in Zillow Group, Inc. (NASDAQ:Z) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,268 shares of the financial services provider’s stock after acquiring an additional 332 shares during the quarter. Atomi Financial Group Inc.’s holdings in Zillow Group were worth $1,057,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Zillow Group by 400.0% in the third 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 last quarter. V Square Quantitative Management LLC bought a new stake in shares of Zillow Group in the 3rd quarter valued at about $35,000. Blue Trust Inc. grew its position in shares of Zillow Group by 66.3% in the 3rd quarter. Blue Trust Inc. now owns 785 shares of the financial services provider’s stock worth $50,000 after buying an additional 313 shares during the last quarter. Quarry LP purchased a new position in shares of Zillow Group in the 2nd quarter worth approximately $61,000. Finally, Brooklyn Investment Group bought a new position in shares of Zillow Group during the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jennifer Rock sold 3,033 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the sale, the chief accounting officer now owns 57,166 shares in the company, valued at $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction, the insider now owns 58,217 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders sold 139,689 shares of company stock valued at $10,395,879. 23.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on Z shares. Jefferies Financial Group raised their target price on shares of Zillow Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Bank of America boosted their target price on Zillow Group from $54.00 to $71.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a research note on Thursday, November 7th. Finally, Morgan Stanley boosted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.83.

Zillow Group Trading Up 1.3 %

Shares of NASDAQ:Z opened at $79.09 on Thursday. The business has a 50-day moving average price of $77.96 and a 200-day moving average price of $64.60. The stock has a market cap of $18.47 billion, a price-to-earnings ratio of -138.75, a PEG ratio of 13.33 and a beta of 2.02. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $86.88. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

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.