Centiva Capital LP Makes New Investment in Zillow Group, Inc. (NASDAQ:ZG)

Centiva Capital LP purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,922 shares of the technology company's stock, valued at approximately $278,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Zillow Group in the fourth quarter valued at approximately $165,326,000. Dimensional Fund Advisors LP grew its position in Zillow Group by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 445,664 shares of the technology company's stock worth $31,578,000 after buying an additional 27,345 shares in the last quarter. Virtu Financial LLC grew its position in Zillow Group by 101.3% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Zillow Group by 1,261.3% during the fourth 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 in the last quarter. Finally, Northern Trust Corp grew its position in Zillow Group by 2.5% during the fourth quarter. Northern Trust Corp now owns 247,078 shares of the technology company's stock worth $17,505,000 after buying an additional 6,088 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ZG shares. KeyCorp reduced their price target on Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Evercore ISI upped their target price on Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Stephens restated an "overweight" rating and set a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Wedbush restated an "outperform" rating and set a $90.00 target price (down from $100.00) on shares of Zillow Group in a research note on Thursday, May 8th. Finally, Piper Sandler upped their target price on Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $81.80.

Insider Buying and Selling

In other Zillow Group news, CAO Jennifer Rock sold 5,997 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the transaction, the chief accounting officer now owns 58,320 shares of the company's stock, valued at $3,969,259.20. The trade was a 9.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Errol G. Samuelson sold 6,962 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $68.63, for a total value of $477,802.06. Following the sale, the insider now owns 135,674 shares of the company's stock, valued at approximately $9,311,306.62. The trade was a 4.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,741 shares of company stock valued at $11,414,034 over the last ninety days. 17.14% of the stock is owned by company insiders.

Zillow Group Stock Up 2.3%

Shares of ZG traded up $1.54 during trading on Friday, reaching $68.76. 475,465 shares of the company traded hands, compared to its average volume of 562,811. The stock has a 50-day simple moving average of $66.00 and a 200-day simple moving average of $71.70. Zillow Group, Inc. has a twelve month low of $38.40 and a twelve month high of $86.58. The stock has a market cap of $16.68 billion, a PE ratio of -146.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. During the same quarter last year, the firm posted $0.36 EPS. The firm's quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

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.