Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 9,124.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,220 shares of the technology company's stock after acquiring an additional 120,895 shares during the period. GAMMA Investing LLC owned about 0.05% of Zillow Group worth $8,172,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ZG. Victory Capital Management Inc. grew its position in shares of Zillow Group by 136.3% during the 4th quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company's stock valued at $1,628,000 after acquiring an additional 13,255 shares during the period. Vontobel Holding Ltd. grew its holdings in Zillow Group by 4.9% in the fourth quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company's stock valued at $1,219,000 after purchasing an additional 801 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Zillow Group in the fourth quarter valued at approximately $228,000. Northern Trust Corp raised its stake in shares of Zillow Group by 2.5% during the 4th quarter. Northern Trust Corp now owns 247,078 shares of the technology company's stock worth $17,505,000 after buying an additional 6,088 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Zillow Group by 21.5% during the 4th quarter. Two Sigma Advisers LP now owns 14,090 shares of the technology company's stock valued at $998,000 after buying an additional 2,490 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 5,997 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $68.06, for a total transaction of $408,155.82. Following the completion of the transaction, the chief accounting officer now owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. The trade was a 9.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,706 shares of company stock valued at $7,182,022 over the last 90 days. 17.14% of the stock is owned by corporate insiders.

Zillow Group Price Performance

Shares of ZG stock traded up $0.59 on Thursday, hitting $70.64. The stock had a trading volume of 350,643 shares, compared to its average volume of 562,098. The company's 50 day moving average price is $65.43 and its 200-day moving average price is $71.37. Zillow Group, Inc. has a 1 year low of $40.30 and a 1 year high of $86.58. The firm has a market capitalization of $17.06 billion, a P/E ratio of -150.30, a P/E/G ratio of 8.90 and a beta of 2.11.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly 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). 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 business's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. On average, equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

ZG has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price objective on shares of Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Stephens reaffirmed an "overweight" rating and set a $73.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Evercore ISI raised their target price 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. Benchmark lowered their target price on Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group dropped their price objective on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.