25,000 Shares in Zillow Group, Inc. (NASDAQ:ZG) Acquired by Empire Financial Management Company LLC

Empire Financial Management Company LLC bought a new position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 25,000 shares of the technology company's stock, valued at approximately $1,771,000.

Several other hedge funds have also bought and sold shares of ZG. Virtu Financial LLC raised its stake in shares of Zillow Group by 132.1% in the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company's stock worth $12,929,000 after purchasing an additional 118,830 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock worth $2,060,000 after acquiring an additional 20,238 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Zillow Group in the 4th quarter worth $72,000. Assenagon Asset Management S.A. raised its holdings in shares of Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock valued at $1,753,000 after purchasing an additional 5,539 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in shares of Zillow Group during the fourth quarter valued at about $234,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Zillow Group Trading Up 1.6 %

ZG traded up $1.05 on Tuesday, hitting $65.90. 96,498 shares of the company's stock traded hands, compared to its average volume of 570,027. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58. The company's 50 day simple moving average is $67.64 and its 200-day simple moving average is $70.91. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of -140.07, a P/E/G ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on ZG shares. Bank of America lifted their target price on shares of Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Susquehanna boosted their price objective on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Benchmark raised their target price on Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Cantor Fitzgerald boosted their price target on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Stephens restated an "overweight" rating and set a $73.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Zillow Group presently has a consensus rating of "Moderate Buy" and an average target price of $79.67.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction on 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 sale, the insider now directly owns 142,636 shares of the company's stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeremy Hofmann sold 23,388 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,307 shares of company stock valued at $7,732,490. Insiders own 17.14% of the company's stock.

Zillow Group 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.