Zillow Group, Inc. (NASDAQ:ZG) Short Interest Down 32.8% in January

Zillow Group, Inc. (NASDAQ:ZGGet Free Report) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 766,600 shares, a decrease of 32.8% from the December 31st total of 1,140,000 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 475,900 shares, the days-to-cover ratio is presently 1.6 days.

Analyst Ratings Changes

Several analysts have issued reports on ZG shares. Barclays boosted their target price on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Craig Hallum boosted their price objective on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI lifted their target price on shares of Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price target on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group lifted their price objective on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $74.06.

Read Our Latest Report on ZG

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 3,187 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,649 shares of the company’s stock, valued at $5,154,026. This represents a 4.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the sale, the general counsel now owns 31,739 shares of the company’s stock, valued at approximately $2,348,051.22. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,689 shares of company stock worth $12,520,379. 17.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. L & S Advisors Inc purchased a new position in shares of Zillow Group in the third quarter valued at about $1,579,000. Mirabella Financial Services LLP purchased a new stake in Zillow Group in the 3rd quarter worth approximately $11,351,000. JPMorgan Chase & Co. grew its position in shares of Zillow Group by 155.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after buying an additional 20,238 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Zillow Group by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after acquiring an additional 32,766 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings in shares of Zillow Group by 132.1% during the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after acquiring an additional 118,830 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Stock Performance

Zillow Group stock opened at $80.93 on Friday. Zillow Group has a fifty-two week low of $38.06 and a fifty-two week high of $83.67. The firm’s fifty day moving average price is $75.59 and its 200-day moving average price is $63.59. The stock has a market cap of $18.90 billion, a P/E ratio of -141.98, a price-to-earnings-growth ratio of 10.31 and a beta of 2.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group (NASDAQ:ZGGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) earnings per share. On average, equities research analysts expect that Zillow Group will post -0.36 earnings per share for the current fiscal year.

Zillow Group Company Profile

(Get 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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