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

CWM LLC boosted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,080 shares of the technology company's stock after buying an additional 13,329 shares during the quarter. CWM LLC's holdings in Zillow Group were worth $7,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of ZG. O Shaughnessy Asset Management LLC grew its holdings in Zillow Group by 13.1% during the 4th 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 in the last quarter. Jones Financial Companies Lllp grew its holdings in 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 acquiring an additional 159 shares in the last quarter. M&T Bank Corp grew its holdings in Zillow Group by 4.1% during the 1st quarter. M&T Bank Corp now owns 5,437 shares of the technology company's stock worth $363,000 after acquiring an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group during the 4th quarter worth $27,000. Finally, Versant Capital Management Inc lifted its position in shares of Zillow Group by 38.3% in the 1st quarter. Versant Capital Management Inc now owns 1,413 shares of the technology company's stock worth $94,000 after buying an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on ZG shares. DA Davidson reissued a "buy" rating and issued a $85.00 target price on shares of Zillow Group in a research report on Friday. Piper Sandler increased their price target on shares of Zillow Group from $80.00 to $82.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. William Blair assumed coverage on shares of Zillow Group in a report on Monday, April 21st. They issued a "market perform" rating on the stock. The Goldman Sachs Group decreased their target price on shares of Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Benchmark decreased their target price on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $82.45.

Zillow Group Trading Down 0.1%

NASDAQ:ZG traded down $0.08 during midday trading on Friday, reaching $74.40. The company had a trading volume of 767,267 shares, compared to its average volume of 556,806. The firm has a market capitalization of $17.96 billion, a price-to-earnings ratio of -218.82, a PEG ratio of 13.76 and a beta of 2.09. The stock's fifty day simple moving average is $68.99 and its 200-day simple moving average is $70.11. 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 posted 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). The firm had revenue of $598.00 million during the quarter, compared to analysts' expectations of $587.88 million. Zillow Group had a negative net margin of 3.51% and a negative return on equity of 1.62%. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, sell-side analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insiders Place Their Bets

In related news, General Counsel Bradley D. Owens sold 3,466 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $68.96, for a total value of $239,015.36. Following the sale, the general counsel owned 47,215 shares of the company's stock, valued at approximately $3,255,946.40. This represents a 6.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Wacksman sold 10,984 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $757,676.32. Following the sale, the chief executive officer owned 171,517 shares of the company's stock, valued at approximately $11,831,242.66. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,093 shares of company stock worth $6,989,688. 17.14% of the stock is owned by insiders.

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.