Wealth Enhancement Advisory Services LLC Buys Shares of 3,756 Zillow Group, Inc. (NASDAQ:ZG)

Wealth Enhancement Advisory Services LLC bought a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,756 shares of the technology company's stock, valued at approximately $266,000.

A number of other institutional investors have also added to or reduced their stakes in ZG. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Zillow Group in the fourth quarter valued at about $27,000. Assetmark Inc. increased its stake in Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after buying an additional 755 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after buying an additional 159 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Zillow Group in the 4th quarter worth approximately $63,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Zillow Group during the fourth quarter worth $70,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on ZG shares. DA Davidson decreased their price objective on shares of Zillow Group from $90.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group decreased their price target on shares of Zillow Group from $86.00 to $76.00 and set a "hold" rating for the company in a research note on Monday, May 5th. UBS Group dropped their price objective on Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group reduced their price objective on Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Citigroup lowered their price objective on Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.80.

Zillow Group Price Performance

Shares of NASDAQ:ZG traded up $0.62 during mid-day trading on Monday, reaching $69.70. 277,812 shares of the company traded hands, compared to its average volume of 557,329. The company's 50 day moving average price is $65.77 and its 200-day moving average price is $71.06. The firm has a market cap of $16.83 billion, a PE ratio of -148.30, a PEG ratio of 8.90 and a beta of 2.11. Zillow Group, Inc. has a 52 week low of $40.30 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The business had revenue of $598.00 million during the quarter, compared to analysts' expectations 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 prior year, the firm posted $0.36 earnings per share. On average, research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other Zillow Group news, Director Erik C. Blachford sold 965 shares of the business's stock in a transaction dated 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 directly owns 35,474 shares of the company's stock, valued at $2,495,595.90. The trade was a 2.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jun Choo sold 11,725 shares of Zillow Group stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.77, for a total value of $806,328.25. Following the sale, the chief operating officer now directly owns 130,186 shares of the company's stock, valued at approximately $8,952,891.22. This trade represents a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,947 shares of company stock valued at $7,199,000 over the last 90 days. 17.14% of the stock is owned by corporate insiders.

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.