Private Advisor Group LLC Boosts Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

Private Advisor Group LLC increased its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 104.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,718 shares of the technology company’s stock after purchasing an additional 12,654 shares during the quarter. Private Advisor Group LLC’s holdings in Zillow Group were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after buying an additional 32,766 shares during the last quarter. State Street Corp lifted its stake in shares of Zillow Group by 0.4% in the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after purchasing an additional 2,832 shares in the last quarter. US Bancorp DE lifted its stake in shares of Zillow Group by 6.5% in the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after purchasing an additional 18,136 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after purchasing an additional 118,830 shares in the last quarter. Finally, Cynosure Group LLC acquired a new position in shares of Zillow Group in the 3rd quarter valued at about $12,248,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZG. Susquehanna raised their target price on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Canaccord Genuity Group lifted their price objective on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. JMP Securities lifted their price objective on Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. Cantor Fitzgerald boosted their price target on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Robert W. Baird started coverage on Zillow Group in a report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $75.70 on Thursday. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of -161.06, a price-to-earnings-growth ratio of 8.90 and a beta of 2.09. The stock’s 50-day moving average is $75.22 and its 200-day moving average is $67.84. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Activity

In related news, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the sale, the insider now owns 58,217 shares in the company, valued at $5,019,469.74. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,663 shares of company stock worth $4,004,931 over the last three months. Corporate insiders own 17.14% of the company’s stock.

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.