Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 253.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,980 shares of the technology company's stock after buying 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of Zillow Group by 38.0% during the first quarter. GAMMA Investing LLC now owns 1,828 shares of the technology company's stock valued at $122,000 after buying an additional 503 shares during the last quarter. Mirador Capital Partners LP purchased a new stake in Zillow Group during the 1st quarter valued at $674,000. Rhumbline Advisers boosted its stake in Zillow Group by 8.0% during the 1st quarter. Rhumbline Advisers now owns 51,030 shares of the technology company's stock valued at $3,412,000 after purchasing an additional 3,765 shares during the last quarter. Summit Global Investments increased its holdings in shares of Zillow Group by 45.2% in the 1st quarter. Summit Global Investments now owns 7,457 shares of the technology company's stock worth $499,000 after purchasing an additional 2,323 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Zillow Group by 38.3% during the first quarter. Versant Capital Management Inc now owns 1,413 shares of the technology company's stock valued at $94,000 after purchasing an additional 391 shares in the last quarter. Institutional investors own 20.32% of the company's stock.

Wall Street Analyst Weigh In

ZG has been the subject of a number of recent analyst reports. Wedbush reissued an "outperform" rating and issued a $90.00 target price (down previously from $100.00) on shares of Zillow Group in a research report on Thursday, May 8th. Piper Sandler lifted their price target on shares of Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a "hold" rating in a research report on Friday, March 28th. Wells Fargo & Company started coverage on shares of Zillow Group in a research report on Monday, April 28th. They issued a "mixed" rating and a $62.00 target price for the company. Finally, KeyCorp lowered their price target on Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.80.

Insider Buying and Selling at Zillow Group

In related news, Director Gordon Sheridan Stephenson sold 10,000 shares of Zillow Group stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total value of $706,900.00. Following the completion of the transaction, the director now owns 28,290 shares in the company, valued at approximately $1,999,820.10. The trade was a 26.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,947 shares of company stock valued at $7,199,000 over the last 90 days. 17.14% of the stock is owned by insiders.

Zillow Group Stock Up 1.1%

Shares of ZG traded up $0.74 during midday trading on Friday, reaching $66.70. The company had a trading volume of 264,110 shares, compared to its average volume of 557,047. Zillow Group, Inc. has a 1-year low of $40.30 and a 1-year high of $86.58. The firm has a 50 day simple moving average of $66.12 and a 200-day simple moving average of $70.80. The stock has a market cap of $16.10 billion, a PE ratio of -196.12, a price-to-earnings-growth ratio of 12.18 and a beta of 2.11.

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 (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative return on equity of 1.62% and a negative net margin of 3.51%. The business had revenue of $598.00 million for the quarter, compared to analyst estimates of $587.88 million. During the same period last year, the business earned $0.36 EPS. Zillow Group's revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.