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

Two Sigma Investments LP lowered its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 99.6% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new position in Zillow Group during the fourth quarter valued at approximately $27,000. Blue Trust Inc. raised its position in shares of Zillow Group by 70.2% in 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. Asset Dedication LLC purchased a new position in Zillow Group in the 4th quarter worth approximately $47,000. Assetmark Inc. raised its position in Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after buying an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings 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 valued at $58,000 after acquiring an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company's stock.

Insider Activity

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,154 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total value of $79,325.96. Following the completion of the transaction, the general counsel now owns 50,681 shares in the company, valued at $3,483,811.94. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,741 shares of company stock worth $7,114,134 over the last 90 days. 17.14% of the stock is currently owned by company insiders.

Zillow Group Stock Up 1.0%

Shares of Zillow Group stock traded up $0.70 during midday trading on Wednesday, hitting $68.70. The company had a trading volume of 59,578 shares, compared to its average volume of 561,042. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of -146.02, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12-month low of $40.30 and a 12-month high of $86.58. The company has a fifty day simple moving average of $65.16 and a 200 day simple moving average of $71.60.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. Evercore ISI increased their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. DA Davidson lowered their target price on shares of Zillow Group from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Susquehanna increased their price target on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Bank of America raised their price target on Zillow Group from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and an average target price of $81.80.

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.