Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC increased its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 49.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,291 shares of the technology company's stock after purchasing an additional 7,752 shares during the quarter. Squarepoint Ops LLC's holdings in Zillow Group were worth $1,650,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased 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 acquiring an additional 138 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of 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 purchasing an additional 159 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after purchasing an additional 172 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Zillow Group during the 4th quarter worth about $27,000. Finally, Barrier Capital Management LLC boosted its stake in shares of Zillow Group by 0.4% during the 4th quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company's stock worth $7,879,000 after purchasing an additional 400 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 research firms have issued reports on ZG. UBS Group decreased their price target 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. William Blair began coverage on shares of Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Bank of America raised their price target on shares of Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company assumed 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 on the stock. 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $81.80.

Insider Buying and Selling at Zillow Group

In other news, CAO Jennifer Rock sold 5,997 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total transaction of $408,155.82. Following the completion of the transaction, the chief accounting officer now owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. The trade was a 9.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dan Spaulding sold 5,534 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $381,735.32. Following the transaction, the insider now directly owns 68,889 shares of the company's stock, valued at approximately $4,751,963.22. This trade represents a 7.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,741 shares of company stock worth $7,114,134 over the last 90 days. Insiders own 17.14% of the company's stock.

Zillow Group Price Performance

Shares of NASDAQ:ZG traded up $0.65 during midday trading on Tuesday, reaching $68.00. The company had a trading volume of 344,047 shares, compared to its average volume of 563,006. The stock's fifty day moving average price is $65.16 and its 200-day moving average price is $71.60. The stock has a market capitalization of $16.42 billion, a P/E ratio of -144.68, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a one year low of $40.30 and a one year high of $86.58.

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