Farringdon Capital Ltd. Buys New Shares in Zillow Group, Inc. (NASDAQ:ZG)

Farringdon Capital Ltd. purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,010 shares of the technology company's stock, valued at approximately $2,764,000. Zillow Group comprises about 1.1% of Farringdon Capital Ltd.'s investment portfolio, making the stock its 9th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZG. Norges Bank purchased a new stake in Zillow Group in the 4th quarter valued at about $165,326,000. Arrowstreet Capital Limited Partnership increased its holdings in 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 valued at $18,454,000 after purchasing an additional 241,331 shares during the last quarter. Virtu Financial LLC lifted its stake 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 purchasing an additional 211,482 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Zillow Group during the 4th quarter valued at about $14,916,000. Finally, NINE MASTS CAPITAL Ltd grew its holdings in shares of Zillow Group by 47.4% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 163,658 shares of the technology company's stock valued at $11,595,000 after purchasing an additional 52,622 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Insider Activity at Zillow Group

In related news, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares of the company's stock, valued at $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock worth $7,869,478 in the last 90 days. 17.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ZG shares. Evercore ISI increased their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Susquehanna increased their target price on Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Cantor Fitzgerald lifted their price target on Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. DA Davidson reaffirmed a "buy" rating and issued a $90.00 price target on shares of Zillow Group in a report on Friday, April 11th. Finally, Benchmark raised their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $81.05.

Zillow Group Stock Performance

Shares of NASDAQ:ZG traded up $2.82 during trading on Tuesday, hitting $62.26. The company's stock had a trading volume of 110,002 shares, compared to its average volume of 576,530. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The stock's 50-day moving average price is $68.91 and its two-hundred day moving average price is $70.76. The company has a market capitalization of $15.10 billion, a PE ratio of -132.49, a PEG ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share 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%. On average, equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.