3,702 Shares in Zillow Group, Inc. (NASDAQ:ZG) Acquired by Optas LLC

Optas LLC purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,702 shares of the technology company's stock, valued at approximately $248,000.

Other hedge funds also recently made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group during the fourth quarter valued at approximately $27,000. Salem Investment Counselors Inc. purchased a new position in shares of Zillow Group in the 1st quarter valued at $42,000. CX Institutional acquired a new position in shares of Zillow Group during the 1st quarter valued at $46,000. Assetmark Inc. boosted its position in Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after purchasing an additional 755 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Zillow Group by 24.0% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ZG shares. KeyCorp decreased their target price on Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Wells Fargo & Company assumed coverage on Zillow Group in a report on Monday, April 28th. They issued a "mixed" rating and a $62.00 price target for the company. Citigroup dropped their price objective on shares of Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Benchmark reduced their target price on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, William Blair initiated coverage on shares of Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. One equities research 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, Zillow Group currently has a consensus rating of "Moderate Buy" and an average target price of $81.80.

Insider Buying and Selling

In related news, General Counsel Bradley D. Owens sold 1,154 shares of Zillow Group stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total value of $79,325.96. Following the sale, the general counsel now directly owns 50,681 shares in the company, valued at $3,483,811.94. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dan Spaulding sold 3,739 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $68.66, for a total transaction of $256,719.74. Following the completion of the sale, the insider now owns 74,423 shares in the company, valued at $5,109,883.18. The trade was a 4.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,947 shares of company stock valued at $7,199,000. Insiders own 17.14% of the company's stock.

Zillow Group Price Performance

Shares of ZG opened at $69.08 on Monday. The stock has a market capitalization of $16.68 billion, a PE ratio of -146.98, a price-to-earnings-growth ratio of 8.90 and a beta of 2.11. The business's fifty day moving average price is $65.77 and its 200 day moving average price is $71.06. Zillow Group, Inc. has a 12-month low of $40.30 and a 12-month high of $86.58.

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 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 business had revenue of $598.00 million for the quarter, compared to analyst estimates of $587.88 million. During the same period last year, the company posted $0.36 earnings per share. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, research analysts anticipate 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.

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