Jones Financial Companies Lllp Purchases 159 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Jones Financial Companies Lllp lifted its position in Zillow Group, Inc. (NASDAQ:ZG) by 24.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 821 shares of the technology company’s stock after acquiring an additional 159 shares during the period. Jones Financial Companies Lllp’s holdings in Zillow Group were worth $58,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after purchasing an additional 172 shares during the period. Asset Dedication LLC acquired a new position in Zillow Group in the fourth quarter valued at about $47,000. Versant Capital Management Inc acquired a new position in Zillow Group in the fourth quarter valued at about $72,000. Pinpoint Asset Management Ltd acquired a new position in Zillow Group in the third quarter valued at about $95,000. Finally, Walleye Capital LLC bought a new position in Zillow Group in the third quarter valued at about $212,000. 20.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ZG has been the topic of a number of recent analyst reports. Cantor Fitzgerald lifted their target price on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Stephens reiterated an “overweight” rating and issued a $73.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Evercore ISI upped their target price on Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $83.00.

Insider Buying and Selling at Zillow Group

In related news, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock valued at $7,660,165 in the last 90 days. Corporate insiders own 17.14% of the company’s stock.

Zillow Group Price Performance

Shares of NASDAQ:ZG opened at $68.90 on Tuesday. The company has a market capitalization of $16.71 billion, a PE ratio of -146.60, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. The business has a fifty day moving average price of $74.97 and a two-hundred day moving average price of $69.62. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Zillow Group 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.