Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Maven Securities LTD

Maven Securities LTD boosted its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 79.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,839 shares of the technology company's stock after purchasing an additional 11,446 shares during the quarter. Maven Securities LTD's holdings in Zillow Group were worth $1,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Interval Partners LP acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $4,854,000. Graham Capital Management L.P. acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $1,530,000. Cetera Investment Advisers acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $228,000. Centiva Capital LP acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $278,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $531,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

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 sale, the chief operating officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeremy Wacksman sold 10,984 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 $757,676.32. Following the completion of the transaction, the chief executive officer now owns 171,517 shares of the company's stock, valued at $11,831,242.66. This trade represents a 6.02% 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 valued at $11,414,034 over the last three months. 17.14% of the stock is currently owned by insiders.

Zillow Group Stock Performance

NASDAQ:ZG traded up $1.54 during mid-day trading on Friday, hitting $68.76. 475,465 shares of the company's stock traded hands, compared to its average volume of 562,811. The company has a market cap of $16.68 billion, a PE ratio of -146.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The firm's 50 day simple moving average is $66.00 and its 200 day simple moving average is $71.61. Zillow Group, Inc. has a 1 year low of $38.40 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last released 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). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The business had revenue of $598.00 million during the quarter, compared to analyst estimates of $587.88 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZG has been the subject of several research analyst reports. Wells Fargo & Company began coverage on Zillow Group in a report on Monday, April 28th. They issued a "mixed" rating and a $62.00 price objective for the company. Benchmark cut their price target on Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada restated an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Bank of America upped their price target on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Barclays cut their price target on Zillow Group from $64.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.