157,865 Shares in Zillow Group, Inc. (NASDAQ:ZG) Purchased by Sone Capital Management LLC

Sone Capital Management LLC acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 157,865 shares of the technology company's stock, valued at approximately $11,185,000. Zillow Group accounts for 1.4% of Sone Capital Management LLC's portfolio, making the stock its 22nd biggest position. Sone Capital Management LLC owned approximately 0.07% of Zillow Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Zillow Group during the 4th quarter worth approximately $165,326,000. Dimensional Fund Advisors LP grew its position in Zillow Group by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 445,664 shares of the technology company's stock worth $31,578,000 after acquiring an additional 27,345 shares during the last quarter. Virtu Financial LLC grew its position in Zillow Group by 101.3% during the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after acquiring an additional 211,482 shares during the last quarter. Selkirk Management LLC grew its position in Zillow Group by 14.0% during the 4th quarter. Selkirk Management LLC now owns 365,800 shares of the technology company's stock worth $25,917,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Zillow Group by 1,261.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock worth $18,454,000 after acquiring an additional 241,331 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Zillow Group Stock Performance

ZG traded up $1.01 during midday trading on Friday, reaching $65.27. 531,363 shares of the company were exchanged, compared to its average volume of 564,526. Zillow Group, Inc. has a one year low of $38.40 and a one year high of $86.58. The stock has a market capitalization of $15.76 billion, a P/E ratio of -138.87, a PEG ratio of 8.90 and a beta of 2.22. The stock's 50-day simple moving average is $65.72 and its 200 day simple moving average is $71.75.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $587.88 million. During the same quarter last year, the business posted $0.36 EPS. Zillow Group's quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,534 shares of Zillow Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $381,735.32. Following the transaction, the insider now owns 68,889 shares of the company's stock, valued at approximately $4,751,963.22. The trade was a 7.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jun Choo sold 55,000 shares of Zillow Group 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 completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,741 shares of company stock worth $11,414,034 in the last quarter. Corporate insiders own 17.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ZG shares. Benchmark dropped their target price on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Cantor Fitzgerald boosted their target price on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. DA Davidson decreased their price objective on Zillow Group from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. KeyCorp decreased their price objective 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. Finally, Keefe, Bruyette & Woods upgraded Zillow Group to a "hold" rating in a research report on Friday, March 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.80.

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.