Raymond James Trust N.A. Boosts Stake in Zillow Group, Inc. (NASDAQ:ZG)

Raymond James Trust N.A. lifted its holdings in Zillow Group, Inc. (NASDAQ:ZGFree Report) by 22.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,500 shares of the technology company’s stock after buying an additional 2,300 shares during the period. Raymond James Trust N.A.’s holdings in Zillow Group were worth $709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Creative Financial Designs Inc. ADV bought a new position in Zillow Group during the fourth quarter valued at about $31,000. Baker Avenue Asset Management LP increased its stake in shares of Zillow Group by 8.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 17,903 shares of the technology company’s stock worth $802,000 after purchasing an additional 1,463 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Zillow Group by 3.0% in the 3rd quarter. Royal Bank of Canada now owns 89,000 shares of the technology company’s stock worth $3,986,000 after purchasing an additional 2,605 shares during the period. Corton Capital Inc. lifted its stake in Zillow Group by 21.6% in the third quarter. Corton Capital Inc. now owns 15,521 shares of the technology company’s stock valued at $695,000 after purchasing an additional 2,754 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Zillow Group by 50.5% during the third quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after purchasing an additional 317,683 shares during the period. 18.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 7,813 shares of Zillow Group stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $54.76, for a total transaction of $427,839.88. Following the transaction, the chief financial officer now directly owns 137,347 shares of the company’s stock, valued at $7,521,121.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Jeremy Hofmann sold 7,813 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $54.76, for a total value of $427,839.88. Following the completion of the sale, the chief financial officer now owns 137,347 shares of the company’s stock, valued at approximately $7,521,121.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dan Spaulding sold 5,114 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $55.45, for a total value of $283,571.30. Following the sale, the insider now owns 43,180 shares of the company’s stock, valued at $2,394,331. The disclosure for this sale can be found here. Insiders sold 167,070 shares of company stock worth $9,433,246 in the last quarter. 17.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America lowered Zillow Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 10th. Piper Sandler upped their price objective on shares of Zillow Group from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Zillow Group in a research note on Tuesday, March 5th. Susquehanna upped their price target on shares of Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Benchmark lifted their price objective on shares of Zillow Group from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.71.

Check Out Our Latest Research Report on Zillow Group

Zillow Group Price Performance

ZG stock opened at $49.77 on Friday. The firm has a 50 day simple moving average of $53.07 and a two-hundred day simple moving average of $47.78. The stock has a market cap of $11.62 billion, a PE ratio of -73.19 and a beta of 1.85. Zillow Group, Inc. has a one year low of $33.23 and a one year high of $59.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24.

Zillow Group (NASDAQ:ZGGet Free Report) last announced its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. The company had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. On average, analysts predict that Zillow Group, Inc. will post -0.15 EPS for the current fiscal year.

About Zillow Group

(Free Report)

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.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:ZG)

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