Interval Partners LP Purchases Shares of 68,509 Zillow Group, Inc. (NASDAQ:ZG)

Interval Partners LP bought a new position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 68,509 shares of the technology company's stock, valued at approximately $4,854,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in Zillow Group during the 4th quarter valued at $165,326,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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. Virtu Financial LLC increased its position in shares of Zillow Group by 101.3% during 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 during the period. Raymond James Financial Inc. purchased a new position in shares of Zillow Group during the fourth quarter valued at about $14,916,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in Zillow Group by 2,728.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 96,801 shares of the technology company's stock worth $6,858,000 after buying an additional 93,378 shares in the last quarter. Institutional investors own 20.32% of the company's stock.

Zillow Group Price Performance

Zillow Group stock traded down $0.03 during midday trading on Thursday, reaching $67.22. 618,615 shares of the company traded hands, compared to its average volume of 562,694. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58. The business has a 50 day moving average of $66.06 and a two-hundred day moving average of $71.36. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of -143.02, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced 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). The company had revenue of $598.00 million for the quarter, compared to analysts' expectations of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Zillow Group's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction on 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 directly owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This trade represents a 38.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now directly owns 142,636 shares of the company's stock, valued at $10,460,924.24. This represents a 1.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,576 shares of company stock valued at $6,430,196. 17.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on ZG shares. DA Davidson reduced their target price on Zillow Group from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays reduced their price target 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. Royal Bank of Canada reissued an "outperform" rating and set a $88.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. KeyCorp dropped their target price on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Finally, UBS Group decreased their price target on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a research note 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $81.80.

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.