XTX Topco Ltd Invests $1.11 Million in Zillow Group, Inc. (NASDAQ:ZG)

Key Points

• XTX Topco Ltd has invested approximately $1.11 million in Zillow Group by acquiring over 16,500 shares during the 1st quarter of the year.
• Analysts have mixed ratings on Zillow Group, with the consensus rating being "Hold" and a price target of $82.45.
• Company insiders have sold a total of over 101,000 shares worth nearly $7 million in the last 90 days, indicating a 17.14% insider ownership stake.

XTX Topco Ltd acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,521 shares of the technology company's stock, valued at approximately $1,105,000.

Other large investors also recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group in the fourth quarter worth $27,000. Salem Investment Counselors Inc. purchased a new position in shares of Zillow Group in the first quarter worth about $42,000. CX Institutional bought a new stake in shares of Zillow Group in the 1st quarter valued at about $46,000. Wood Tarver Financial Group LLC purchased a new stake in Zillow Group during the 4th quarter valued at about $70,000. Finally, O Shaughnessy Asset Management LLC grew its position 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 worth $84,000 after acquiring an additional 138 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ZG shares. DA Davidson reiterated a "buy" rating and set a $85.00 target price on shares of Zillow Group in a report on Friday, July 18th. Wedbush reaffirmed an "outperform" rating and set a $90.00 price target (down previously from $100.00) on shares of Zillow Group in a research report on Thursday, May 8th. Piper Sandler lifted their price objective on Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Barclays reduced their target price on Zillow Group from $64.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, May 8th. Finally, William Blair started coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $82.45.

Zillow Group Stock Performance

NASDAQ:ZG opened at $77.16 on Friday. The stock has a 50-day simple moving average of $71.02 and a two-hundred day simple moving average of $70.63. Zillow Group, Inc. has a 52-week low of $40.30 and a 52-week high of $86.58. The firm has a market capitalization of $18.63 billion, a PE ratio of -226.94, a P/E/G ratio of 14.18 and a beta of 2.07.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its earnings results 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 3.51% and a negative return on equity of 1.62%. The firm had revenue of $598.00 million for the quarter, compared to analysts' expectations of $587.88 million. During the same quarter last year, the firm posted $0.36 EPS. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Dan Spaulding sold 5,534 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $381,735.32. Following the sale, the insider owned 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Bradley D. Owens sold 3,466 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.96, for a total transaction of $239,015.36. Following the sale, the general counsel directly owned 47,215 shares in the company, valued at approximately $3,255,946.40. The trade was a 6.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,093 shares of company stock worth $6,989,688 in the last 90 days. 17.14% of the stock is owned by company insiders.

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.

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