Graham Capital Management L.P. Invests $1.53 Million in Zillow Group, Inc. (NASDAQ:ZG)

Graham Capital Management L.P. acquired a new position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,597 shares of the technology company's stock, valued at approximately $1,530,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Zillow Group in the 4th quarter worth $165,326,000. Arrowstreet Capital Limited Partnership raised its position in shares of Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock worth $18,454,000 after buying an additional 241,331 shares during the period. Virtu Financial LLC raised its position in shares of Zillow Group by 101.3% in the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after buying an additional 211,482 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Zillow Group in the 4th quarter worth $14,916,000. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of Zillow Group by 2,728.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 96,801 shares of the technology company's stock worth $6,858,000 after buying an additional 93,378 shares during the period. Institutional investors and hedge funds own 20.32% of the company's stock.

Zillow Group Stock Performance

Shares of NASDAQ ZG traded down $0.03 during midday trading on Thursday, reaching $67.22. 618,615 shares of the company's stock were exchanged, compared to its average volume of 561,949. The stock has a market capitalization of $16.30 billion, a PE ratio of -143.02, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 52-week low of $38.40 and a 52-week high of $86.58. The business's fifty day moving average price is $66.00 and its two-hundred day moving average price is $71.43.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The business had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. Analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Bank of America increased their target price on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised Zillow Group to a "hold" rating in a research report on Friday, March 28th. William Blair began coverage on Zillow Group in a research report on Monday, April 21st. They issued a "market perform" rating on the stock. UBS Group cut 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. Finally, Piper Sandler raised their price objective on Zillow Group from $80.00 to $82.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and an average target price of $81.80.

Insider Activity at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,576 shares of company stock valued at $7,137,096 in the last quarter. Insiders own 17.14% of the company's stock.

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.