Zillow Group, Inc. (NASDAQ:ZG) Shares Purchased by Twinbeech Capital LP

Twinbeech Capital LP increased its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 56.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,909 shares of the technology company's stock after purchasing an additional 38,197 shares during the quarter. Twinbeech Capital LP's holdings in Zillow Group were worth $7,504,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ZG. JPMorgan Chase & Co. lifted its holdings in Zillow Group by 155.4% in the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock valued at $2,060,000 after acquiring an additional 20,238 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Zillow Group by 28.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock worth $1,753,000 after buying an additional 5,539 shares during the period. Avanza Fonder AB acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $234,000. Blue Trust Inc. raised 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 buying an additional 172 shares during the period. Finally, Asset Dedication LLC acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $47,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Shares of Zillow Group stock traded up $1.01 during trading hours on Friday, hitting $65.27. The company's stock had a trading volume of 531,363 shares, compared to its average volume of 565,368. Zillow Group, Inc. has a twelve month low of $38.40 and a twelve month high of $86.58. The firm has a fifty day moving average of $65.72 and a 200-day moving average of $71.86. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of -138.87, a P/E/G ratio of 8.90 and a beta of 2.22.

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 2.12% and a negative net margin of 5.01%. The firm had revenue of $598.00 million for the quarter, compared to analyst estimates of $587.88 million. During the same period in the previous year, the company posted $0.36 EPS. Zillow Group's revenue was up 13.0% on a year-over-year basis. On average, sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on ZG shares. Wells Fargo & Company started coverage on Zillow Group in a research report on Monday, April 28th. They set a "mixed" rating and a $62.00 price target for the company. Benchmark dropped their price target on Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Piper Sandler boosted their price target on Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. UBS Group dropped their price target on Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Citigroup dropped their price target on Zillow Group from $98.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. One equities 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.80.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,790,167.54. This represents a 38.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,741 shares of company stock valued at $11,414,034. Corporate insiders own 17.14% of the company's stock.

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.