AlphaCore Capital LLC Purchases Shares of 5,378 Zillow Group, Inc. (NASDAQ:ZG)

AlphaCore Capital LLC purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,378 shares of the technology company's stock, valued at approximately $381,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in shares of Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC bought a new position in Zillow Group in the 4th quarter valued at about $47,000. Hartline Investment Corp raised its holdings in Zillow Group by 16.2% in the 4th quarter. Hartline Investment Corp now owns 72,691 shares of the technology company's stock valued at $5,150,000 after acquiring an additional 10,154 shares during the period. MFG Wealth Management Inc. bought a new position in shares of Zillow Group during the fourth quarter worth approximately $2,119,000. Finally, Vontobel Holding Ltd. boosted its position in shares of Zillow Group by 4.9% during the 4th quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company's stock worth $1,219,000 after acquiring an additional 801 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

ZG traded down $0.14 during trading on Friday, hitting $65.40. 127,268 shares of the stock traded hands, compared to its average volume of 562,876. The firm has a market capitalization of $15.79 billion, a P/E ratio of -139.10, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The firm has a 50-day moving average of $65.37 and a 200 day moving average of $71.70. Zillow Group, Inc. has a 12-month low of $38.57 and a 12-month high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.41 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 company had revenue of $598.00 million during the quarter, compared to analysts' expectations of $587.88 million. During the same period in the prior year, the business posted $0.36 earnings per share. The company's revenue for the quarter was up 13.0% on a year-over-year basis. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ZG. Benchmark cut 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. Evercore ISI boosted their target price on shares of Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. DA Davidson cut their price target on shares of Zillow Group from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company initiated coverage on shares of Zillow Group in a research note on Monday, April 28th. They issued a "mixed" rating and a $62.00 target price on the stock. Finally, William Blair initiated coverage on shares of Zillow Group in a report on Monday, April 21st. They set a "market perform" rating on the stock. One investment 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. According to MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and a consensus price target of $81.80.

Insider Transactions at Zillow Group

In other news, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction that occurred on 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 directly owns 142,636 shares in the company, valued at $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 is available through this link. Also, insider Dan Spaulding sold 5,534 shares of Zillow Group stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $68.98, for a total transaction of $381,735.32. Following the completion of the sale, the insider now owns 68,889 shares of the company's stock, valued at $4,751,963.22. This represents a 7.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,741 shares of company stock valued at $7,114,134. Company insiders own 17.14% of the company's stock.

About Zillow Group

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.