96,300 Shares in Zillow Group, Inc. (NASDAQ:ZG) Purchased by Nellore Capital Management LLC

Nellore Capital Management LLC purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 96,300 shares of the technology company's stock, valued at approximately $6,823,000. Zillow Group makes up 0.9% of Nellore Capital Management LLC's holdings, making the stock its 13th biggest holding.

Several other large investors have also made changes to their positions in ZG. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group during the fourth quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after acquiring an additional 172 shares during the period. Asset Dedication LLC bought a new position in shares of Zillow Group during the fourth quarter valued at $47,000. Assetmark Inc. raised its holdings in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after buying an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after buying an additional 159 shares during the last quarter. Institutional investors own 20.32% of the company's stock.

Zillow Group Stock Performance

Shares of NASDAQ ZG traded down $1.53 during mid-day trading on Monday, reaching $67.23. The company had a trading volume of 210,570 shares, compared to its average volume of 561,487. Zillow Group, Inc. has a one year low of $38.40 and a one year high of $86.58. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of -143.08, a PEG ratio of 8.90 and a beta of 2.22. The business's 50-day simple moving average is $66.00 and its 200 day simple moving average is $71.70.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. During the same quarter in the previous year, the business posted $0.36 EPS. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,790,167.54. The trade was a 38.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeremy Wacksman sold 10,984 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total transaction of $757,676.32. Following the completion of the sale, the chief executive officer now owns 171,517 shares of the company's stock, valued at $11,831,242.66. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,741 shares of company stock worth $11,414,034 over the last 90 days. Insiders own 17.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ZG. Benchmark dropped their price objective on Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group cut their target price on Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Piper Sandler upped their price objective on Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Bank of America upped their price objective on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $81.80.

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.