Tybourne Capital Management HK Ltd. Purchases 39,908 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Tybourne Capital Management HK Ltd. lifted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 97.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,861 shares of the technology company's stock after acquiring an additional 39,908 shares during the quarter. Zillow Group accounts for 1.4% of Tybourne Capital Management HK Ltd.'s portfolio, making the stock its 19th largest holding. Tybourne Capital Management HK Ltd.'s holdings in Zillow Group were worth $5,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Zillow Group in the fourth quarter worth $27,000. Blue Trust Inc. boosted its position in shares of Zillow Group by 70.2% in the fourth 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. Asset Dedication LLC acquired a new stake in shares of Zillow Group in the fourth quarter worth $47,000. Assetmark Inc. boosted its position in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after buying an additional 755 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after buying an additional 159 shares during the period. 20.32% of the stock is owned by institutional investors.

Zillow Group Trading Up 1.6%

NASDAQ ZG traded up $1.01 during trading on Friday, hitting $65.27. 531,363 shares of the company traded hands, compared to its average volume of 564,526. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58. The business has a fifty day simple moving average of $65.72 and a 200 day simple moving average of $71.75. The company has a market capitalization of $15.76 billion, a P/E ratio of -138.87, a PEG 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 for the quarter, missing the consensus estimate 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 quarter last year, the business earned $0.36 earnings per share. Zillow Group's quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other news, insider Dan Spaulding sold 5,534 shares of Zillow Group stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $381,735.32. Following the transaction, the insider now directly owns 68,889 shares in the company, valued at approximately $4,751,963.22. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 157,741 shares of company stock worth $11,414,034. Company insiders own 17.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZG. Canaccord Genuity Group decreased their target price on Zillow Group from $86.00 to $76.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Stephens reaffirmed an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Bank of America increased their price objective on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Zillow Group to a "hold" rating in a report on Friday, March 28th. Finally, Benchmark cut their price objective on Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.