5,900 Shares in Zillow Group, Inc. (NASDAQ:ZG) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,900 shares of the technology company's stock, valued at approximately $418,000.

Other large investors have also recently added to or reduced their stakes in the company. Nellore Capital Management LLC acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $6,823,000. Occudo Quantitative Strategies LP raised its holdings in shares of Zillow Group by 38.2% in the 4th quarter. Occudo Quantitative Strategies LP now owns 14,361 shares of the technology company's stock worth $1,017,000 after buying an additional 3,972 shares in the last quarter. Maven Securities LTD raised its holdings in shares of Zillow Group by 79.5% in the 4th quarter. Maven Securities LTD now owns 25,839 shares of the technology company's stock worth $1,831,000 after buying an additional 11,446 shares in the last quarter. Interval Partners LP acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $4,854,000. Finally, Graham Capital Management L.P. acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $1,530,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Benchmark dropped their target price on Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Stephens reissued an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Wedbush reaffirmed an "outperform" rating and set a $90.00 price target (down from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. The Goldman Sachs Group dropped their price target 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, Baird R W raised Zillow Group to a "hold" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $81.80.

Insider Transactions at Zillow Group

In other news, General Counsel Bradley D. Owens sold 1,154 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total value of $79,325.96. Following the transaction, the general counsel now directly owns 50,681 shares in the company, valued at $3,483,811.94. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeremy Wacksman sold 10,984 shares of the firm'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 now directly owns 171,517 shares in the company, valued at $11,831,242.66. The trade was a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,741 shares of company stock worth $11,414,034 in the last three months. Insiders own 17.14% of the company's stock.

Zillow Group Stock Performance

ZG traded up $0.64 during mid-day trading on Tuesday, reaching $65.91. The stock had a trading volume of 836,852 shares, compared to its average volume of 566,454. The stock has a market capitalization of $15.91 billion, a P/E ratio of -140.23, a P/E/G ratio of 8.90 and a beta of 2.22. The firm's fifty day simple moving average is $65.58 and its two-hundred day simple moving average is $71.79. Zillow Group, Inc. has a 52 week low of $38.40 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. As a group, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.