Maven Securities LTD Has $729,000 Stock Position in Zillow Group, Inc. $ZG

Key Points

• Maven Securities LTD has significantly reduced its holdings in Zillow Group, Inc., lowering its position by 57.8% and now owning 10,899 shares valued at $729,000.
• In contrast, National Bank of Canada FI increased its stake in Zillow Group by 79.4%, and several other institutional investors have also modified their positions during the same quarter.
• Recent analyst ratings for Zillow Group have been generally positive, with multiple firms raising their target prices, indicating an optimistic view of the company's future performance.

Maven Securities LTD trimmed its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 57.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,899 shares of the technology company's stock after selling 14,940 shares during the quarter. Maven Securities LTD's holdings in Zillow Group were worth $729,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Zillow Group by 38.0% during the 1st quarter. GAMMA Investing LLC now owns 1,828 shares of the technology company's stock worth $122,000 after purchasing an additional 503 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Zillow Group by 60.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,044 shares of the technology company's stock worth $404,000 after purchasing an additional 2,288 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Zillow Group by 253.3% during the 1st quarter. SG Americas Securities LLC now owns 20,980 shares of the technology company's stock worth $1,403,000 after purchasing an additional 15,042 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Zillow Group during the 4th quarter worth $228,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Zillow Group by 21.5% during the 4th quarter. Two Sigma Advisers LP now owns 14,090 shares of the technology company's stock worth $998,000 after purchasing an additional 2,490 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 8,168 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.35, for a total value of $697,138.80. Following the completion of the sale, the chief financial officer owned 84,146 shares of the company's stock, valued at approximately $7,181,861.10. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard N. Barton sold 150,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $85.68, for a total value of $12,852,000.00. Following the completion of the sale, the chairman directly owned 2,501,225 shares of the company's stock, valued at approximately $214,304,958. The trade was a 5.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 580,379 shares of company stock valued at $49,319,729. Corporate insiders own 17.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ZG. Canaccord Genuity Group increased their target price on Zillow Group from $76.00 to $84.00 and gave the stock a "hold" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. upped their price objective on Zillow Group from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. DA Davidson upped their price objective on Zillow Group from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wedbush restated an "outperform" rating and set a $90.00 price objective (down from $100.00) on shares of Zillow Group in a research report on Thursday, May 8th. Finally, Susquehanna restated a "neutral" rating on shares of Zillow Group in a research report on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zillow Group has a consensus rating of "Hold" and a consensus target price of $85.62.

Zillow Group Stock Up 1.3%

Zillow Group stock traded up $1.1050 during trading hours on Monday, hitting $85.0250. The stock had a trading volume of 325,399 shares, compared to its average volume of 555,472. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of -327.08, a P/E/G ratio of 15.81 and a beta of 2.07. The business's 50 day simple moving average is $74.56 and its 200-day simple moving average is $70.70. Zillow Group, Inc. has a one year low of $51.16 and a one year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $655.00 million during the quarter, compared to analyst estimates of $647.06 million. Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. Research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS 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.