Centiva Capital LP Takes $278,000 Position in Zillow Group, Inc. (NASDAQ:ZG)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brevan Howard Capital Management LP bought a new position in shares of Zillow Group during the fourth quarter valued at $531,000. Barrier Capital Management LLC increased its position in Zillow Group by 0.4% during the fourth quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company's stock valued at $7,879,000 after acquiring an additional 400 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in Zillow Group by 2,728.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 96,801 shares of the technology company's stock valued at $6,858,000 after acquiring an additional 93,378 shares during the last quarter. Northern Trust Corp increased 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 valued at $17,505,000 after acquiring an additional 6,088 shares during the last quarter. Finally, Empire Financial Management Company LLC purchased a new stake in Zillow Group during the fourth quarter valued at $1,771,000. 20.32% of the stock is owned by institutional investors.

Zillow Group Price Performance

NASDAQ ZG opened at $70.08 on Tuesday. The stock has a market capitalization of $17.00 billion, a PE ratio of -149.11, a P/E/G ratio of 8.90 and a beta of 2.22. The business has a 50 day simple moving average of $66.25 and a two-hundred day simple moving average of $71.41. Zillow Group, Inc. has a 1-year low of $38.40 and a 1-year high of $86.58.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler upped 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. KeyCorp reduced their price objective on Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. The Goldman Sachs Group reduced their price objective on Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company began coverage on Zillow Group in a research note on Monday, April 28th. They issued a "mixed" rating and a $62.00 price objective on the stock. Finally, UBS Group decreased their price objective on Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.80.

Insider Activity

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the sale, the chief technology officer now directly owns 151,046 shares of the company's stock, valued at $11,743,826.50. The trade was a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on 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 sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This trade represents a 38.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,641 shares of company stock valued at $7,665,962 in the last ninety days. 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.

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