Ogborne Capital Management LLC Has $10.63 Million Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Ogborne Capital Management LLC lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 64.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,000 shares of the technology company's stock after selling 275,000 shares during the quarter. Zillow Group makes up about 1.7% of Ogborne Capital Management LLC's investment portfolio, making the stock its 11th biggest position. Ogborne Capital Management LLC owned 0.06% of Zillow Group worth $10,628,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ZG. JPMorgan Chase & Co. lifted its stake in shares of Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock worth $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Zillow Group by 28.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock worth $1,753,000 after buying an additional 5,539 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of Zillow Group during the 4th quarter worth $234,000. Blue Trust Inc. increased its holdings in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after buying an additional 172 shares during the last quarter. Finally, Asset Dedication LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 20.32% of the company's stock.

Insider Activity at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,534 shares of Zillow Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $381,735.32. Following the transaction, the insider now owns 68,889 shares in the company, valued at approximately $4,751,963.22. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,741 shares of company stock worth $11,414,034 over the last quarter. 17.14% of the stock is currently owned by company insiders.

Zillow Group Stock Performance

Shares of NASDAQ:ZG traded up $1.54 during trading hours on Friday, hitting $68.76. The stock had a trading volume of 475,465 shares, compared to its average volume of 562,811. The stock's fifty day simple moving average is $66.00 and its 200 day simple moving average is $71.61. Zillow Group, Inc. has a 1-year low of $38.40 and a 1-year high of $86.58. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of -146.30, a PEG ratio of 8.90 and a beta of 2.22.

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

Analyst Ratings Changes

A number of research firms have recently commented on ZG. UBS Group dropped their price objective on Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a report on Friday, April 11th. Susquehanna upped their price objective on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. KeyCorp dropped their price objective on Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Robert W. Baird began coverage on Zillow Group in a report on Friday, January 31st. They set a "neutral" rating and a $88.00 price objective for the company. Finally, Citigroup dropped their price objective on Zillow Group from $98.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.