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

Voloridge Investment Management LLC reduced its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 39.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 253,340 shares of the technology company's stock after selling 165,926 shares during the quarter. Voloridge Investment Management LLC owned about 0.11% of Zillow Group worth $17,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Zillow Group during the 4th quarter valued at $27,000. Blue Trust Inc. lifted its stake in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after purchasing an additional 172 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of Zillow Group in the fourth quarter worth about $47,000. Assetmark Inc. raised its holdings in shares of Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after buying an additional 755 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 20.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ZG shares. William Blair started coverage on shares of Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. Wells Fargo & Company assumed coverage on Zillow Group in a research note on Monday, April 28th. They set a "mixed" rating and a $62.00 target price for the company. The Goldman Sachs Group dropped their target price on Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Cantor Fitzgerald increased their price target on Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Evercore ISI raised 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $81.80.

Zillow Group Stock Performance

Shares of NASDAQ:ZG traded up $0.10 on Tuesday, hitting $65.37. 284,095 shares of the company were exchanged, compared to its average volume of 565,305. The company's 50 day moving average price is $65.64 and its two-hundred day moving average price is $71.83. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of -139.69, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a one year low of $38.40 and a one year 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 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 during the quarter, compared to the consensus estimate of $587.88 million. During the same period last year, the business earned $0.36 earnings per share. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. Research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jeremy Wacksman sold 10,984 shares of Zillow Group stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $757,676.32. Following the completion of the transaction, the chief executive officer now directly owns 171,517 shares of the company's stock, valued at $11,831,242.66. This trade represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. The trade was a 38.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 157,741 shares of company stock valued at $11,414,034 over the last quarter. Corporate 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.