Polianta Ltd Makes New Investment in Zillow Group, Inc. (NASDAQ:ZG)

Polianta Ltd bought a new position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,100 shares of the technology company's stock, valued at approximately $1,076,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZG. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group during the 4th quarter worth approximately $27,000. CX Institutional acquired a new position in Zillow Group in the first quarter valued at approximately $46,000. Assetmark Inc. increased its stake in Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after purchasing an additional 755 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after purchasing an additional 159 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $63,000. Hedge funds and other institutional investors own 20.32% of the company's stock.

Wall Street Analysts Forecast Growth

ZG has been the subject of a number of research reports. Citigroup reduced their price objective on Zillow Group from $98.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Piper Sandler upped their price target on shares of Zillow Group from $80.00 to $82.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. DA Davidson lowered their price objective on shares of Zillow Group from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Canaccord Genuity Group dropped their target price on Zillow Group from $86.00 to $76.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Finally, Wedbush reissued an "outperform" rating and set a $90.00 target price (down from $100.00) on shares of Zillow Group in a research note on Thursday, May 8th. One 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.80.

Zillow Group Trading Down 2.2%

Shares of Zillow Group stock traded down $1.56 during trading hours on Friday, reaching $69.08. The stock had a trading volume of 364,523 shares, compared to its average volume of 557,801. Zillow Group, Inc. has a 1 year low of $40.30 and a 1 year high of $86.58. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of -146.98, a P/E/G ratio of 8.90 and a beta of 2.11. The firm has a 50 day simple moving average of $65.58 and a two-hundred day simple moving average of $71.30.

Zillow Group (NASDAQ:ZG - Get Free Report) last released 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). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The business had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. During the same period in the previous year, the company earned $0.36 EPS. Zillow Group's revenue was up 13.0% on a year-over-year basis. Sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Activity

In other Zillow Group news, COO Jun Choo sold 11,725 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.77, for a total transaction of $806,328.25. Following the completion of the transaction, the chief operating officer now directly owns 130,186 shares of the company's stock, valued at $8,952,891.22. The trade was a 8.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeremy Wacksman sold 7,418 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.66, for a total transaction of $509,319.88. Following the sale, the chief executive officer now owns 182,501 shares in the company, valued at $12,530,518.66. This trade represents a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,947 shares of company stock worth $7,199,000 over the last 90 days. Company 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.