Zillow Group, Inc. (NASDAQ:ZG) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 233.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,001 shares of the technology company's stock after acquiring an additional 6,999 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Zillow Group were worth $709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group in the fourth quarter worth $27,000. Blue Trust Inc. boosted its stake in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after purchasing an additional 172 shares in the last quarter. Asset Dedication LLC bought a new position in Zillow Group in the 4th quarter worth about $47,000. Assetmark Inc. grew its position in Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after purchasing an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company's stock.

Zillow Group Stock Up 1.6 %

Shares of ZG stock traded up $1.04 on Tuesday, hitting $65.89. The company had a trading volume of 57,480 shares, compared to its average volume of 569,932. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The company has a 50-day moving average price of $67.64 and a 200-day moving average price of $70.91. The firm has a market cap of $15.98 billion, a P/E ratio of -139.98, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share 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%. Equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. KeyCorp cut their target price on Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a report on Friday, March 28th. Piper Sandler reduced their price target on Zillow Group from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday. Evercore ISI raised their price target on Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Finally, Susquehanna boosted their price target on shares of Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.67.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,307 shares of company stock valued at $7,732,490. Company 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.