10,077 Shares in Zillow Group, Inc. (NASDAQ:ZG) Acquired by Mirador Capital Partners LP

Mirador Capital Partners LP purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,077 shares of the technology company's stock, valued at approximately $674,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZG. Blue Trust Inc. lifted its holdings in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after buying an additional 172 shares during the period. Hartline Investment Corp lifted its holdings in shares of Zillow Group by 16.2% during the 4th quarter. Hartline Investment Corp now owns 72,691 shares of the technology company's stock valued at $5,150,000 after buying an additional 10,154 shares during the period. MFG Wealth Management Inc. bought a new position in shares of Zillow Group during the 4th quarter valued at $2,119,000. Vontobel Holding Ltd. lifted its holdings in shares of Zillow Group by 4.9% during the 4th quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company's stock valued at $1,219,000 after buying an additional 801 shares during the period. Finally, ABC Arbitrage SA bought a new position in Zillow Group in the 4th quarter worth $1,265,000. 20.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Benchmark decreased their target price on Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Citigroup decreased their price target on Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Barclays decreased their price target on Zillow Group from $64.00 to $60.00 and set an "underweight" rating on the stock in a report on Thursday, May 8th. Royal Bank of Canada reissued an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Finally, KeyCorp decreased their price target on Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.80.

Insiders Place Their Bets

In other news, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction that occurred on Wednesday, March 26th. The shares were 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 owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Bradley D. Owens sold 1,154 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total transaction of $79,325.96. Following the sale, the general counsel now directly owns 50,681 shares of the company's stock, valued at $3,483,811.94. This represents a 2.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,741 shares of company stock valued at $7,114,134 over the last 90 days. Insiders own 17.14% of the company's stock.

Zillow Group Stock Up 0.9%

ZG traded up $0.59 on Thursday, hitting $69.74. The company had a trading volume of 185,354 shares, compared to its average volume of 561,061. The company has a market cap of $16.84 billion, a PE ratio of -148.38, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12-month low of $40.30 and a 12-month high of $86.58. The business's fifty day simple moving average is $65.20 and its 200 day simple moving average is $71.58.

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