Simon Quick Advisors LLC Raises Position in Zillow Group, Inc. (NASDAQ:ZG)

Simon Quick Advisors LLC raised its stake in Zillow Group, Inc. (NASDAQ:ZGFree Report) by 95.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,917 shares of the technology company’s stock after acquiring an additional 5,325 shares during the quarter. Simon Quick Advisors LLC’s holdings in Zillow Group were worth $619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of Zillow Group by 60.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,527 shares of the technology company’s stock worth $363,000 after purchasing an additional 2,837 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Zillow Group by 67.0% during the 1st quarter. JPMorgan Chase & Co. now owns 17,633 shares of the technology company’s stock valued at $850,000 after buying an additional 7,077 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Zillow Group by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 163,472 shares of the technology company’s stock valued at $7,885,000 after acquiring an additional 1,287 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Zillow Group by 10.0% during the first quarter. HighTower Advisors LLC now owns 7,096 shares of the technology company’s stock worth $339,000 after buying an additional 644 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Zillow Group by 61.2% in the 1st quarter. Citigroup Inc. now owns 61,187 shares of the technology company’s stock valued at $2,952,000 after buying an additional 23,230 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zillow Group

In related news, CFO Jeremy Hofmann sold 7,813 shares of Zillow Group stock in a transaction on Friday, March 15th. The stock was sold at an average price of $54.76, for a total value of $427,839.88. Following the transaction, the chief financial officer now directly owns 137,347 shares in the company, valued at approximately $7,521,121.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zillow Group news, General Counsel Bradley D. Owens sold 966 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total transaction of $56,037.66. Following the transaction, the general counsel now owns 17,181 shares in the company, valued at $996,669.81. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jeremy Hofmann sold 7,813 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 167,070 shares of company stock worth $9,433,246 over the last ninety days. Company insiders own 17.14% of the company’s stock.

Zillow Group Stock Performance

Shares of ZG opened at $49.77 on Monday. The stock has a 50-day simple moving average of $53.07 and a 200-day simple moving average of $47.75. The stock has a market capitalization of $11.62 billion, a PE ratio of -73.19 and a beta of 1.85. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year 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.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on ZG shares. Piper Sandler raised their target price 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 boosted their price objective on Zillow Group from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Barclays upped their price objective on Zillow Group from $32.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 21st. Susquehanna raised their price objective on Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Bank of America cut Zillow Group from a “buy” rating to a “neutral” rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $58.71.

View Our Latest Stock Analysis on Zillow Group

Zillow Group Profile

(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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