Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 160.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,939 shares of the technology company's stock after purchasing an additional 30,747 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Zillow Group were worth $2,833,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV bought a new position in Zillow Group in the 4th quarter valued at $31,000. PNC Financial Services Group Inc. grew its position in Zillow Group by 69.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company's stock worth $53,000 after purchasing an additional 441 shares during the last quarter. CWM LLC increased its stake in Zillow Group by 100.0% during the 3rd quarter. CWM LLC now owns 1,222 shares of the technology company's stock valued at $55,000 after purchasing an additional 611 shares in the last quarter. Point72 Middle East FZE purchased a new position in shares of Zillow Group in the fourth quarter worth $64,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Zillow Group during the second quarter worth $70,000. Institutional investors own 20.32% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZG. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $66.00 price objective on shares of Zillow Group in a report on Tuesday, March 5th. Piper Sandler raised their target price on Zillow Group from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, February 14th. Bank of America lowered Zillow Group from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 10th. Benchmark raised their price objective on shares of Zillow Group from $57.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. Finally, Stephens reissued an "overweight" rating and set a $79.00 price target on shares of Zillow Group in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Zillow Group has a consensus rating of "Moderate Buy" and a consensus price target of $58.71.

Zillow Group Trading Up 0.2 %

ZG traded up $0.10 during trading on Wednesday, hitting $45.85. 439,111 shares of the company's stock were exchanged, compared to its average volume of 724,249. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $59.23. The stock has a 50 day moving average price of $52.32 and a 200 day moving average price of $47.69. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.22. The firm has a market cap of $10.70 billion, a P/E ratio of -67.43 and a beta of 1.83.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The firm had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. As a group, analysts expect that Zillow Group, Inc. will post -0.15 EPS for the current fiscal year.

Insider Activity

In other news, CAO Jennifer Rock sold 7,352 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total transaction of $421,196.08. Following the sale, the chief accounting officer now owns 56,384 shares of the company's stock, valued at approximately $3,230,239.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Errol G. Samuelson sold 4,219 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now directly owns 168,863 shares of the company's stock, valued at approximately $8,375,604.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Rock sold 7,352 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total transaction of $421,196.08. Following the sale, the chief accounting officer now directly owns 56,384 shares in the company, valued at $3,230,239.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,289 shares of company stock valued at $9,642,508. Insiders own 17.14% of the company's stock.

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.