16,100 Shares in Zillow Group, Inc. (NASDAQ:ZG) Bought by Polianta Ltd

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

Other hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its stake in Zillow Group by 13.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company's stock valued at $84,000 after purchasing an additional 138 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after purchasing an additional 159 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Zillow Group during the 4th quarter valued at about $27,000. Versant Capital Management Inc increased its stake in shares of Zillow Group by 38.3% during the 1st quarter. Versant Capital Management Inc now owns 1,413 shares of the technology company's stock valued at $94,000 after acquiring an additional 391 shares during the last quarter. Finally, Barrier Capital Management LLC increased its stake in shares of Zillow Group by 0.4% during the 4th quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company's stock valued at $7,879,000 after acquiring an additional 400 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a research report on Friday, March 28th. William Blair began coverage on Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating for the company. Piper Sandler increased their price target on Zillow Group from $80.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Wedbush reiterated an "outperform" rating and issued a $90.00 target price (down previously from $100.00) on shares of Zillow Group in a research note on Thursday, May 8th. Finally, UBS Group lowered their target price on Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $81.80.

Zillow Group Price Performance

ZG stock traded up $0.62 during mid-day trading on Monday, reaching $69.70. The company had a trading volume of 277,812 shares, compared to its average volume of 557,329. Zillow Group, Inc. has a 52 week low of $40.30 and a 52 week high of $86.58. The stock has a 50 day simple moving average of $65.97 and a two-hundred day simple moving average of $70.97. The company has a market capitalization of $16.83 billion, a price-to-earnings ratio of -148.30, a PEG ratio of 8.90 and a beta of 2.11.

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

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Erik C. Blachford sold 965 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $70.35, for a total value of $67,887.75. Following the completion of the sale, the director now owns 35,474 shares of the company's stock, valued at approximately $2,495,595.90. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,947 shares of company stock worth $7,199,000. Company 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.