Raymond James Financial Inc. Purchases New Stake in Zillow Group, Inc. (NASDAQ:ZG)

Raymond James Financial Inc. bought a new stake in Zillow Group, Inc. (NASDAQ:ZG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 210,535 shares of the technology company’s stock, valued at approximately $14,916,000. Raymond James Financial Inc. owned 0.09% of Zillow Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position in Zillow Group by 13.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after purchasing an additional 138 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after acquiring an additional 159 shares during the last quarter. Blue Trust Inc. increased its holdings in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after acquiring an additional 172 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group during the fourth quarter worth about $27,000. Finally, Baillie Gifford & Co. lifted its holdings in shares of Zillow Group by 0.6% in the fourth quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company’s stock valued at $6,520,000 after purchasing an additional 509 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zillow Group news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock valued at $7,869,478 in the last quarter. Company insiders own 17.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZG. Cantor Fitzgerald lifted their price objective on Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. UBS Group reduced their price objective on Zillow Group from $98.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Citigroup dropped their price objective on Zillow Group from $98.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Piper Sandler reduced their target price on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Bank of America lifted their price target on shares of Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.05.

Zillow Group Trading Down 3.3 %

Shares of Zillow Group stock opened at $59.44 on Tuesday. The company has a fifty day moving average price of $68.91 and a 200 day moving average price of $70.76. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of -126.47, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS 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%. Analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.