Interval Partners LP Acquires New Holdings in Zillow Group, Inc. (NASDAQ:ZG)

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

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Zillow Group by 155.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock worth $2,060,000 after buying an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Zillow Group by 28.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock worth $1,753,000 after acquiring an additional 5,539 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Zillow Group by 136.3% in the 4th quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company's stock worth $1,628,000 after acquiring an additional 13,255 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Zillow Group by 4.9% in the 4th quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company's stock worth $1,219,000 after acquiring an additional 801 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Zillow Group by 2.5% in the 4th quarter. Northern Trust Corp now owns 247,078 shares of the technology company's stock worth $17,505,000 after acquiring an additional 6,088 shares during the period. 20.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZG shares. KeyCorp dropped their price objective 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. Wells Fargo & Company started coverage on shares of Zillow Group in a report on Monday, April 28th. They issued a "mixed" rating and a $62.00 price objective on the stock. Cantor Fitzgerald increased their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. UBS Group lowered their target price on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Robert W. Baird assumed coverage on shares of Zillow Group in a research note on Friday, January 31st. They set a "neutral" rating and a $88.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.80.

Zillow Group Stock Performance

Shares of NASDAQ:ZG traded up $1.54 during trading hours on Friday, hitting $68.76. 475,465 shares of the company's stock traded hands, compared to its average volume of 562,811. Zillow Group, Inc. has a 52 week low of $38.40 and a 52 week high of $86.58. The company's fifty day simple moving average is $66.00 and its two-hundred day simple moving average is $71.61. The company has a market cap of $16.68 billion, a price-to-earnings ratio of -146.30, 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 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 analyst estimates of $587.88 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The business's quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. This trade represents a 38.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer Rock sold 5,997 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total transaction of $408,155.82. Following the sale, the chief accounting officer now owns 58,320 shares of the company's stock, valued at approximately $3,969,259.20. This represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,741 shares of company stock worth $11,414,034 over the last ninety days. 17.14% of the stock is currently owned by company insiders.

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.