Voloridge Investment Management LLC Has $17.95 Million Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Voloridge Investment Management LLC lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 39.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 253,340 shares of the technology company's stock after selling 165,926 shares during the period. Voloridge Investment Management LLC owned approximately 0.11% of Zillow Group worth $17,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZG. Norges Bank purchased a new stake in shares of Zillow Group in the fourth quarter valued at $165,326,000. Dimensional Fund Advisors LP grew its stake in shares of Zillow Group by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 445,664 shares of the technology company's stock valued at $31,578,000 after buying an additional 27,345 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock valued at $29,775,000 after buying an additional 211,482 shares in the last quarter. Selkirk Management LLC grew its stake in shares of Zillow Group by 14.0% in the fourth quarter. Selkirk Management LLC now owns 365,800 shares of the technology company's stock valued at $25,917,000 after buying an additional 45,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Zillow Group by 1,261.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock valued at $18,454,000 after purchasing an additional 241,331 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Zillow Group Stock Up 0.0%

Zillow Group stock traded up $0.03 during trading hours on Wednesday, hitting $65.94. The stock had a trading volume of 79,598 shares, compared to its average volume of 564,526. The company has a 50-day moving average of $65.58 and a two-hundred day moving average of $71.79. The company has a market cap of $15.92 billion, a PE ratio of -140.29, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a fifty-two week low of $38.40 and a fifty-two week high of $86.58.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on ZG. Cantor Fitzgerald raised their price objective on Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. William Blair initiated coverage on Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Baird R W raised Zillow Group to a "hold" rating in a research note on Friday, January 31st. Robert W. Baird initiated coverage on Zillow Group in a research report on Friday, January 31st. They set a "neutral" rating and a $88.00 price target on the stock. Finally, Wells Fargo & Company initiated coverage on Zillow Group in a report on Monday, April 28th. They issued a "mixed" rating and a $62.00 target price on the stock. One investment 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.80.

Insider Buying and Selling at Zillow Group

In other news, CAO Jennifer Rock sold 5,997 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total value of $408,155.82. Following the transaction, the chief accounting officer now directly owns 58,320 shares in the company, valued at $3,969,259.20. This trade represents a 9.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $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 ninety days, insiders have sold 157,741 shares of company stock worth $11,414,034. Insiders own 17.14% of the company's stock.

About Zillow Group

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.