Aubrey Capital Management Ltd Sells 51,100 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Aubrey Capital Management Ltd reduced its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 83.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,023 shares of the technology company's stock after selling 51,100 shares during the period. Aubrey Capital Management Ltd's holdings in Zillow Group were worth $580,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Zillow Group during the fourth quarter valued at approximately $31,000. CWM LLC increased its position in shares of Zillow Group by 100.0% during the third quarter. CWM LLC now owns 1,222 shares of the technology company's stock valued at $55,000 after purchasing an additional 611 shares during the period. AtonRa Partners bought a new stake in shares of Zillow Group during the third quarter valued at approximately $206,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Zillow Group during the third quarter valued at approximately $217,000. 20.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on ZG. Bank of America cut Zillow Group from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 10th. Piper Sandler boosted their price objective on Zillow Group from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 14th. Benchmark boosted their price objective on Zillow Group from $57.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. JMP Securities reissued a "market outperform" rating and issued a $68.00 price objective on shares of Zillow Group in a research note on Friday, April 12th. Finally, Stephens reaffirmed an "overweight" rating and set a $79.00 price target on shares of Zillow Group in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Zillow Group currently has a consensus rating of "Moderate Buy" and an average target price of $58.79.

Zillow Group Trading Up 1.7 %

NASDAQ:ZG traded up $0.72 during mid-day trading on Friday, hitting $43.13. The company had a trading volume of 380,457 shares, compared to its average volume of 540,687. Zillow Group, Inc. has a fifty-two week low of $33.23 and a fifty-two week high of $59.23. The business's fifty day moving average is $48.50 and its two-hundred day moving average is $47.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. The firm has a market cap of $10.07 billion, a P/E ratio of -63.43 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 for the quarter, beating the consensus estimate 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, research analysts expect that Zillow Group, Inc. will post -0.15 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, General Counsel Bradley D. Owens sold 966 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total value of $56,037.66. Following the transaction, the general counsel now owns 17,181 shares of the company's stock, valued at $996,669.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Jennifer Rock sold 7,352 shares of the firm's stock in a transaction dated 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 $3,230,239.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Bradley D. Owens sold 966 shares of the firm's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total value of $56,037.66. Following the sale, the general counsel now directly owns 17,181 shares in the company, valued at approximately $996,669.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,289 shares of company stock valued at $9,642,508. 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.