Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 99.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,844 shares of the technology company's stock after selling 11,017,641 shares during the period. Two Sigma Investments LP's holdings in Zillow Group were worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC raised 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 buying an additional 138 shares during the period. Jones Financial Companies Lllp raised its holdings in Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after buying an additional 159 shares during the period. Blue Trust Inc. raised its holdings in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after buying an additional 172 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Zillow Group during the 4th quarter valued at $27,000. Finally, Barrier Capital Management LLC raised its holdings in Zillow Group by 0.4% during the 4th quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company's stock valued at $7,879,000 after buying an additional 400 shares during the period. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zillow Group

In other news, General Counsel Bradley D. Owens sold 1,154 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total transaction of $79,325.96. Following the sale, the general counsel now owns 50,681 shares in the company, valued at approximately $3,483,811.94. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 102,741 shares of company stock valued at $7,114,134 over the last quarter. 17.14% of the stock is owned by corporate insiders.

Zillow Group Trading Up 1.7%

Shares of Zillow Group stock traded up $1.15 during trading on Wednesday, hitting $69.15. 328,400 shares of the stock traded hands, compared to its average volume of 562,537. Zillow Group, Inc. has a 52-week low of $40.30 and a 52-week high of $86.58. The stock's fifty day simple moving average is $65.20 and its 200 day simple moving average is $71.58. The firm has a market cap of $16.70 billion, a P/E ratio of -147.13, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $598.00 million for the quarter, compared to the consensus estimate of $587.88 million. During the same period in the previous year, the business earned $0.36 EPS. Zillow Group's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wedbush restated an "outperform" rating and set a $90.00 price target (down previously from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. Citigroup reduced their target price on Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $88.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. William Blair started coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating on the stock. Finally, Piper Sandler increased their target price on Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $81.80.

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.