Ogborne Capital Management LLC Cuts Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Ogborne Capital Management LLC lowered its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 64.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,000 shares of the technology company's stock after selling 275,000 shares during the period. Zillow Group makes up 1.7% of Ogborne Capital Management LLC's investment portfolio, making the stock its 11th largest holding. Ogborne Capital Management LLC owned about 0.06% of Zillow Group worth $10,628,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ZG. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group during the fourth quarter worth about $27,000. Blue Trust Inc. lifted its stake in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after buying an additional 172 shares in the last quarter. Asset Dedication LLC bought a new position in shares of Zillow Group in the fourth quarter worth approximately $47,000. Assetmark Inc. lifted its stake 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 worth $54,000 after buying an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake 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 worth $58,000 after buying an additional 159 shares in the last quarter. Institutional investors own 20.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Stephens reiterated an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Robert W. Baird assumed coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a "neutral" rating and a $88.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of Zillow Group in a research note on Monday, April 28th. They issued a "mixed" rating and a $62.00 target price on the stock. William Blair started coverage on shares of Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $88.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.80.

Insider Transactions at Zillow Group

In related news, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This trade represents a 38.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares of the company's stock, valued at $10,460,924.24. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,576 shares of company stock valued at $7,137,096 over the last three months. Corporate insiders own 17.14% of the company's stock.

Zillow Group Stock Down 0.0%

ZG traded down $0.03 during trading on Thursday, hitting $67.22. The company's stock had a trading volume of 618,615 shares, compared to its average volume of 561,949. 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 $16.30 billion, a PE ratio of -143.02, a P/E/G 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 $71.43.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate 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 business 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 earnings per share. The firm's revenue was up 13.0% on a year-over-year basis. Equities research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.