SG Americas Securities LLC Buys 15,042 Shares of Zillow Group, Inc. (NASDAQ:ZG)

SG Americas Securities LLC raised its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 253.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,980 shares of the technology company's stock after purchasing an additional 15,042 shares during the period. SG Americas Securities LLC's holdings in Zillow Group were worth $1,403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Zillow Group by 136.3% in the 4th quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company's stock valued at $1,628,000 after buying an additional 13,255 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings 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 during the period. GAMMA Investing LLC lifted its holdings in shares of Zillow Group by 9,124.2% during the 1st quarter. GAMMA Investing LLC now owns 122,220 shares of the technology company's stock worth $8,172,000 after acquiring an additional 120,895 shares during the period. Cetera Investment Advisers bought a new position in shares of Zillow Group during the 4th quarter worth about $228,000. Finally, Northern Trust Corp lifted its holdings in shares of Zillow Group by 2.5% during the 4th quarter. Northern Trust Corp now owns 247,078 shares of the technology company's stock worth $17,505,000 after acquiring an additional 6,088 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Up 0.9%

Shares of ZG opened at $69.70 on Tuesday. The business's 50-day moving average price is $65.97 and its 200-day moving average price is $70.97. Zillow Group, Inc. has a twelve month low of $40.30 and a twelve month high of $86.58. The stock has a market cap of $16.83 billion, a PE ratio of -148.30, a P/E/G ratio of 8.90 and a beta of 2.11.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $598.00 million for the quarter, compared to analysts' expectations of $587.88 million. During the same period in the previous year, the firm posted $0.36 EPS. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. Analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. DA Davidson dropped their target price on shares of Zillow Group from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. UBS Group reduced their price objective on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Benchmark reduced their price target on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a "hold" rating in a report on Friday, March 28th. Finally, Citigroup cut their price objective on shares of Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Zillow Group has an average rating of "Moderate Buy" and an average price target of $81.80.

Insider Transactions at Zillow Group

In other news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 5,997 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total value of $408,155.82. Following the sale, the chief accounting officer now directly owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This trade represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,947 shares of company stock valued at $7,199,000. 17.14% of the stock is owned by corporate 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.

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