Trexquant Investment LP Purchases New Position in Zillow Group, Inc. $ZG

Key Points

• Trexquant Investment LP has acquired a new position in Zillow Group, purchasing 5,535 shares valued at approximately $370,000 in the first quarter.
• Several institutional investors have also increased their stakes in Zillow, with Sone Capital Management LLC investing over $11 million and GAMMA Investing LLC raising its position by 9,124.2% to acquire 122,220 shares.
• Zillow Group's stock has seen a recent decline of 3.1% and reported earnings of $0.40 per share, which was below analysts' expectations of $0.44 per share for the last quarter.

Trexquant Investment LP purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,535 shares of the technology company's stock, valued at approximately $370,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZG. Sone Capital Management LLC purchased a new stake in Zillow Group in the fourth quarter valued at $11,185,000. Nuveen LLC purchased a new stake in Zillow Group in the first quarter valued at $8,950,000. GAMMA Investing LLC lifted its position in Zillow Group by 9,124.2% in the first quarter. GAMMA Investing LLC now owns 122,220 shares of the technology company's stock valued at $8,172,000 after acquiring an additional 120,895 shares during the last quarter. Nellore Capital Management LLC purchased a new stake in Zillow Group in the fourth quarter valued at $6,823,000. Finally, Vanguard Group Inc. lifted its position in Zillow Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 7,002,693 shares of the technology company's stock valued at $468,200,000 after acquiring an additional 57,693 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. KeyCorp reissued an "overweight" rating and issued a $92.00 price target (up from $90.00) on shares of Zillow Group in a research report on Thursday, August 7th. Zelman & Associates upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, August 8th. Royal Bank Of Canada lifted their price objective on shares of Zillow Group from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Susquehanna restated a "neutral" rating on shares of Zillow Group in a research note on Friday, August 8th. Finally, DA Davidson lifted their price objective on shares of Zillow Group from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $85.62.

Zillow Group Stock Down 3.1%

Shares of Zillow Group stock opened at $83.85 on Wednesday. Zillow Group, Inc. has a 52-week low of $52.07 and a 52-week high of $88.45. The company's 50-day simple moving average is $78.12 and its 200-day simple moving average is $71.12. The firm has a market cap of $20.31 billion, a price-to-earnings ratio of -322.50, a price-to-earnings-growth ratio of 11.96 and a beta of 2.02.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.04). Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The firm had revenue of $655.00 million for the quarter, compared to analyst estimates of $647.06 million. During the same quarter last year, the firm earned $0.39 earnings per share. The company's revenue was up 14.5% compared to the same quarter last year. Equities research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 11,275 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $85.73, for a total transaction of $966,605.75. Following the transaction, the chief executive officer directly owned 153,113 shares in the company, valued at approximately $13,126,377.49. This represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thielke Claire Cormier sold 8,247 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $79.86, for a total transaction of $658,605.42. Following the transaction, the director owned 725 shares in the company, valued at $57,898.50. The trade was a 91.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 580,622 shares of company stock valued at $49,350,788 in the last ninety days. Company 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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