Maven Securities LTD Buys 11,446 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Maven Securities LTD increased its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 79.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Zillow Group in the fourth quarter valued at approximately $165,326,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Zillow Group by 1,261.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock valued at $18,454,000 after buying an additional 241,331 shares during the last quarter. Virtu Financial LLC raised its stake 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 acquiring an additional 211,482 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Zillow Group during the 4th quarter valued at about $14,916,000. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Zillow Group Stock Up 4.9%

Shares of ZG stock opened at $70.08 on Tuesday. The company has a market cap of $17.00 billion, a PE ratio of -149.11, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58. The business's 50 day moving average is $66.25 and its two-hundred day moving average is $71.41.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The company 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 company's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. As a group, equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction on Monday, May 12th. The shares were sold at an average price of $70.65, for a total value of $706,500.00. Following the completion of the transaction, the chief operating officer now owns 120,186 shares in the company, valued at approximately $8,491,140.90. The trade was a 7.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,641 shares of company stock valued at $7,665,962 in the last ninety days. 17.14% of the stock is owned by insiders.

Analyst Ratings Changes

ZG has been the topic of several research reports. Robert W. Baird assumed coverage on Zillow Group in a research report on Friday, January 31st. They issued a "neutral" rating and a $88.00 target price on the stock. Canaccord Genuity Group cut their price target on shares of Zillow Group from $86.00 to $76.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Cantor Fitzgerald raised their target price on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Piper Sandler boosted their target price on Zillow Group from $80.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, KeyCorp cut their price target on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. One 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.80.

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.

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