Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by Cwm LLC

Cwm LLC increased its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 3,675.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,139 shares of the technology company’s stock after purchasing an additional 44,917 shares during the quarter. Cwm LLC’s holdings in Zillow Group were worth $2,617,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Qube Research & Technologies Ltd raised its stake in shares of Zillow Group by 50.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after buying an additional 317,683 shares during the last quarter. Invesco Ltd. raised its position in Zillow Group by 322.7% during the third quarter. Invesco Ltd. now owns 149,822 shares of the technology company’s stock valued at $6,711,000 after acquiring an additional 114,377 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Zillow Group by 160.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 49,939 shares of the technology company’s stock valued at $2,833,000 after acquiring an additional 30,747 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in Zillow Group in the 4th quarter worth approximately $1,305,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Zillow Group during the 3rd quarter worth approximately $873,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Price Performance

ZG opened at $42.41 on Friday. Zillow Group, Inc. has a twelve month low of $33.23 and a twelve month high of $59.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. The firm’s 50-day moving average price is $48.96 and its 200 day moving average price is $47.63.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The business had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. As a group, equities analysts expect that Zillow Group, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the transaction, the insider now directly owns 168,863 shares in the company, valued at approximately $8,375,604.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Dan Spaulding sold 3,086 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the transaction, the insider now directly owns 48,294 shares in the company, valued at approximately $2,801,052. The disclosure for this sale can be found here. Insiders have sold a total of 171,289 shares of company stock worth $9,642,508 in the last quarter. Company insiders own 17.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZG. Stephens reissued an “overweight” rating and set a $79.00 price target on shares of Zillow Group in a report on Wednesday, February 14th. DA Davidson reissued a “buy” rating and set a $63.00 target price on shares of Zillow Group in a research note on Friday, April 5th. Piper Sandler lifted their price target on Zillow Group from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Benchmark increased their price target on Zillow Group from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Bank of America cut Zillow Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $58.79.

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.