Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by Selkirk Management LLC

Selkirk Management LLC boosted its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 365,800 shares of the technology company's stock after purchasing an additional 45,000 shares during the quarter. Zillow Group comprises 9.3% of Selkirk Management LLC's portfolio, making the stock its 4th biggest holding. Selkirk Management LLC owned 0.16% of Zillow Group worth $25,917,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZG. Norges Bank purchased a new position in Zillow Group during the 4th quarter valued at approximately $165,326,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Zillow Group by 1,261.3% in the 4th 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. Virtu Financial LLC boosted its holdings in shares of Zillow Group by 101.3% in the 4th 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. Raymond James Financial Inc. purchased a new position in shares of Zillow Group in the 4th quarter worth approximately $14,916,000. Finally, Nellore Capital Management LLC purchased a new position in shares of Zillow Group in the 4th quarter worth approximately $6,823,000. Institutional investors own 20.32% of the company's stock.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 55,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was 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 $6,790,167.54. The trade was a 38.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dan Spaulding sold 5,534 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total value of $381,735.32. Following the transaction, the insider now directly owns 68,889 shares of the company's stock, valued at $4,751,963.22. The trade was a 7.44% decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

ZG has been the subject of a number of recent research reports. Robert W. Baird began coverage on Zillow Group in a report on Friday, January 31st. They issued a "neutral" rating and a $88.00 target price for the company. The Goldman Sachs Group decreased their target price on Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company assumed coverage on Zillow Group in a research report on Monday, April 28th. They set a "mixed" rating and a $62.00 target price for the company. Bank of America lifted their target price on Zillow Group from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, Evercore ISI lifted their target price on Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.80.

Zillow Group Stock Performance

Shares of NASDAQ:ZG traded down $0.51 during trading on Tuesday, reaching $66.33. The stock had a trading volume of 531,084 shares, compared to its average volume of 563,212. The business has a fifty day moving average price of $65.94 and a 200-day moving average price of $71.77. The stock has a market cap of $16.09 billion, a PE ratio of -141.13, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 1-year low of $38.40 and a 1-year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted 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 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 analysts' expectations of $587.88 million. During the same period last year, the company earned $0.36 EPS. The business's quarterly revenue was up 13.0% on a year-over-year basis. Sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share 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.