TD Asset Management Inc Purchases Shares of 3,830 Zillow Group, Inc. $ZG

Key Points

• TD Asset Management Inc. purchased 3,830 shares of Zillow Group, Inc. valued at approximately $262,000 during the second quarter.
• Zillow Group has a market capitalization of $18.07 billion, with recent earnings reporting $0.40 EPS, missing the consensus estimate by $0.04.
• Research analysts have issued a consensus rating of "Moderate Buy" for Zillow Group, with an average target price of $86.92 per share.

TD Asset Management Inc purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,830 shares of the technology company's stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Zillow Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,002,693 shares of the technology company's stock valued at $468,200,000 after buying an additional 57,693 shares during the last quarter. Independent Franchise Partners LLP grew its stake in shares of Zillow Group by 1.8% during the first quarter. Independent Franchise Partners LLP now owns 2,060,399 shares of the technology company's stock valued at $137,758,000 after buying an additional 36,046 shares during the last quarter. Millennium Management LLC grew its stake in shares of Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company's stock valued at $19,456,000 after buying an additional 152,955 shares during the last quarter. Northern Trust Corp grew its stake in shares of Zillow Group by 0.7% during the first quarter. Northern Trust Corp now owns 248,737 shares of the technology company's stock valued at $16,631,000 after buying an additional 1,659 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Zillow Group by 3.9% during the first quarter. Raymond James Financial Inc. now owns 218,732 shares of the technology company's stock valued at $14,624,000 after buying an additional 8,197 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Zillow Group Price Performance

NASDAQ ZG opened at $74.58 on Friday. The stock has a market capitalization of $18.07 billion, a PE ratio of -286.85, a PEG ratio of 25.30 and a beta of 2.11. Zillow Group, Inc. has a 1 year low of $55.08 and a 1 year high of $90.22. The business's 50-day moving average is $77.80 and its 200 day moving average is $72.31.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $655.00 million for the quarter, compared to the consensus estimate of $647.06 million. Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The business's revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ZG shares. DA Davidson reaffirmed a "buy" rating and set a $95.00 price objective on shares of Zillow Group in a research note on Thursday, October 2nd. Zelman & Associates raised Zillow Group to a "hold" rating in a research note on Friday, August 8th. Gordon Haskett raised Zillow Group from a "hold" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Friday, October 3rd. JPMorgan Chase & Co. raised their price objective on Zillow Group from $93.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Oppenheimer started coverage on Zillow Group in a research note on Monday, October 6th. They set a "market perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.92.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 25,575 shares of Zillow Group stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $91.06, for a total transaction of $2,328,859.50. Following the sale, the chief operating officer directly owned 114,129 shares of the company's stock, valued at approximately $10,392,586.74. The trade was a 18.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Hofmann sold 25,000 shares of Zillow Group stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $89.99, for a total value of $2,249,750.00. Following the sale, the chief financial officer directly owned 84,146 shares in the company, valued at approximately $7,572,298.54. The trade was a 22.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 657,087 shares of company stock worth $56,286,479. Insiders own 17.14% of the company's stock.

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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