Cwm LLC Has $7.90 Million Holdings in Zillow Group, Inc. (NASDAQ:ZG)

CWM LLC boosted its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 12.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 118,080 shares of the technology company's stock after buying an additional 13,329 shares during the period. CWM LLC's holdings in Zillow Group were worth $7,895,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group in the 4th quarter valued at about $27,000. Salem Investment Counselors Inc. bought a new stake in Zillow Group in the 1st quarter valued at about $42,000. CX Institutional bought a new stake in Zillow Group in the 1st quarter valued at about $46,000. Jones Financial Companies Lllp boosted 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 during the period. Finally, Daiwa Securities Group Inc. bought a new stake in Zillow Group in the 4th quarter valued at about $63,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Insider Transactions at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 10,984 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $757,676.32. Following the completion of the transaction, the chief executive officer directly owned 171,517 shares in the company, valued at approximately $11,831,242.66. This represents a 6.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jun Choo sold 11,725 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.77, for a total transaction of $806,328.25. Following the sale, the chief operating officer owned 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. In the last 90 days, insiders sold 101,093 shares of company stock worth $6,989,688. 17.14% of the stock is currently owned by insiders.

Zillow Group Trading Up 0.4%

NASDAQ:ZG traded up $0.29 on Wednesday, hitting $74.16. The company had a trading volume of 406,146 shares, compared to its average volume of 555,642. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of -218.12, a PEG ratio of 14.07 and a beta of 2.09. The firm has a 50 day moving average of $68.53 and a two-hundred day moving average of $70.04. 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 announced its quarterly earnings results 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 net margin of 3.51% and a negative return on equity of 1.62%. The business had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. During the same quarter last year, the company posted $0.36 earnings per share. The company's revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

ZG has been the subject of a number of recent research reports. DA Davidson cut 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. Wells Fargo & Company upped their price target on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. William Blair assumed coverage on shares of Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a report on Friday, March 28th. Finally, Piper Sandler upped their price target on shares of Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $82.45.

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.