Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP grew its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 19.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,682 shares of the technology company's stock after buying an additional 4,782 shares during the quarter. Marshall Wace LLP's holdings in Zillow Group were worth $2,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZG. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Zillow Group during the 4th quarter valued at approximately $27,000. Blue Trust Inc. increased its stake in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Asset Dedication LLC purchased a new stake in Zillow Group during the fourth quarter worth $47,000. Assetmark Inc. raised its stake 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 worth $54,000 after buying an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after acquiring an additional 159 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Zillow Group Trading Up 1.0 %

Shares of ZG traded up $0.66 during midday trading on Friday, reaching $66.80. 51,646 shares of the company were exchanged, compared to its average volume of 564,718. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. The stock has a 50-day moving average price of $67.20 and a 200-day moving average price of $70.88. The company has a market cap of $16.20 billion, a price-to-earnings ratio of -142.34, a P/E/G ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In related news, COO Jun Choo sold 1,277 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the transaction, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,919 shares of company stock worth $5,744,978. 17.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a report on Friday, March 28th. Susquehanna upped their target price on Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Royal Bank of Canada reissued an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Piper Sandler reduced their price objective on Zillow Group from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, DA Davidson reiterated a "buy" rating and set a $90.00 price objective on shares of Zillow Group in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $79.67.

Zillow Group 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.