Raymond James Financial Inc. Takes $14.92 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

Raymond James Financial Inc. acquired a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 210,535 shares of the technology company's stock, valued at approximately $14,916,000. Raymond James Financial Inc. owned about 0.09% of Zillow Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Zillow Group in the fourth quarter worth approximately $165,326,000. Virtu Financial LLC increased its stake in Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after purchasing an additional 211,482 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Zillow Group by 1,261.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock worth $18,454,000 after purchasing an additional 241,331 shares during the period. Great Lakes Advisors LLC lifted its position in shares of Zillow Group by 2.8% during the fourth quarter. Great Lakes Advisors LLC now owns 228,934 shares of the technology company's stock worth $16,220,000 after purchasing an additional 6,319 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd boosted its stake in shares of Zillow Group by 47.4% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 163,658 shares of the technology company's stock valued at $11,595,000 after purchasing an additional 52,622 shares during the period. Hedge funds and other institutional investors own 20.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. DA Davidson reiterated a "buy" rating and set a $90.00 price objective on shares of Zillow Group in a report on Friday, April 11th. Citigroup decreased their price target on shares of Zillow Group from $98.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Baird R W upgraded Zillow Group to a "hold" rating in a report on Friday, January 31st. UBS Group reduced their price objective on Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Stephens reiterated an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $81.05.

Insider Activity

In related news, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the sale, the insider now owns 127,467 shares of the company's stock, valued at $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares in the company, valued at approximately $11,743,826.50. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock worth $7,869,478 over the last 90 days. 17.14% of the stock is currently owned by corporate insiders.

Zillow Group Trading Up 0.6 %

Shares of ZG stock traded up $0.37 during trading hours on Friday, reaching $65.19. 212,713 shares of the company's stock were exchanged, compared to its average volume of 572,359. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The stock's 50 day moving average is $67.88 and its 200-day moving average is $70.72. The company has a market cap of $15.81 billion, a price-to-earnings ratio of -138.70, a P/E/G ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Zillow Group Company 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.