Fairvoy Private Wealth LLC Invests in Zillow Group, Inc.

Fairvoy Private Wealth LLC has acquired a new stake in Zillow Group, Inc. (NASDAQ:Z - Free Report) during the fourth quarter, based on its latest filing with the Securities and Exchange Commission (SEC). The investment firm purchased 10,842 shares of Zillow, which amounts to a total value of approximately $803,000.

Recent Changes by Other Investors

Other hedge funds and institutional investors have also recently adjusted their positions in Zillow Group. For instance, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Zillow by 400% during the third quarter, now holding 500 shares valued at $32,000 after acquiring 400 additional shares. V Square Quantitative Management LLC also entered the Zillow market in the third quarter with a new investment of $35,000. Meanwhile, Blue Trust Inc. enhanced its shares in Zillow Group by 66.3%, now owning 785 shares worth $50,000 following the purchase of 313 shares in the last quarter.

Additionally, Brooklyn Investment Group made a new investment in Zillow worth approximately $74,000 during the third quarter. Mirae Asset Global Investments Co. Ltd. also boosted its stake in Zillow during the fourth quarter by 86.3%, now owning 1,250 shares valued at $94,000 after buying 579 additional shares. Overall, around 71.01% of Zillow's stock is now held by hedge funds and institutional investors.

Analyst Ratings Overview

Several brokerages have recently provided updates on Zillow Group. Needham & Company LLC maintained a "hold" rating on Zillow shares in a report dated November 7. On January 13, Morgan Stanley raised its price target for Zillow Group from $60.00 to $75.00 while assigning an "equal weight" rating. KeyCorp upgraded Zillow Group from a "hold" to a "strong-buy" rating in a note released on February 2. In another update, Bank of America increased its price target from $54.00 to $71.00 while keeping a "neutral" rating as of October 18. Lastly, Jefferies Financial Group raised its target price for Zillow shares from $80.00 to $90.00, designating the stock as a "buy" in its analysis from October 22. Currently, five equity research analysts rate Zillow Group with a "hold" recommendation, four indicate a buy, and three assign a strong buy rating. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $72.83.

Insider Transactions

In other developments regarding Zillow Group, its Chief Technology Officer, David A. Beitel, sold 56,750 shares of the company's stock on November 15 at an average price of $72.39, resulting in a total transaction value of approximately $4.1 million. Post-sale, he retains ownership of only 92 shares worth $6,659.88, indicating a significant reduction in his shares. Additionally, insider Susan Daimler sold 3,694 shares on November 13 at an average price of $73.98, for a total of about $273,282.12. After this transaction, her holdings decreased by 16.44%, leaving her with 18,770 shares valued at approximately $1.39 million. In total, insiders sold 164,689 company shares valued at $12.52 million over the last three months. Corporate insiders now own 23.76% of Zillow Group's stock.

Zillow Group Stock Performance

Zillow Group's stock opened at $87.00 on the market. The company shows considerable volatility in the past year, with a low of $38.45 and a high of $87.96. Zillow has a debt-to-equity ratio of 0.11 and possesses quick and current ratios of 3.13. Furthermore, the firm maintains a 50-day moving average of $78.63 alongside a 200-day moving average of $67.02.

About Zillow Group

Zillow Group, Inc. operates several real estate brands, providing services through mobile applications and websites in the United States. The company specializes in real estate marketplaces, including premier agent and rentals marketplaces, new construction markets, and more. It also offers mortgage originations, as well as title and escrow services.

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