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

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

A number of other hedge funds have also recently made changes to their positions in ZG. JPMorgan Chase & Co. grew its stake in Zillow Group by 155.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock valued at $2,060,000 after purchasing an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Zillow Group by 28.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock valued at $1,753,000 after acquiring an additional 5,539 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Zillow Group by 136.3% in the fourth quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company's stock worth $1,628,000 after acquiring an additional 13,255 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Zillow Group by 4.9% during the fourth quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company's stock worth $1,219,000 after purchasing an additional 801 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Zillow Group by 2.5% during the fourth quarter. Northern Trust Corp now owns 247,078 shares of the technology company's stock valued at $17,505,000 after purchasing an additional 6,088 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 10,984 shares of the company'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 $757,676.32. Following the completion of the sale, the chief executive officer now directly owns 171,517 shares in the company, valued at $11,831,242.66. This represents a 6.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley D. Owens sold 1,154 shares of Zillow Group stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total value of $79,325.96. Following the transaction, the general counsel now owns 50,681 shares in the company, valued at approximately $3,483,811.94. This represents a 2.23% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,741 shares of company stock valued at $11,414,034. Corporate insiders own 17.14% of the company's stock.

Zillow Group Stock Down 0.4%

Shares of NASDAQ ZG traded down $0.27 during midday trading on Thursday, hitting $64.15. The stock had a trading volume of 376,029 shares, compared to its average volume of 562,740. The stock has a 50 day simple moving average of $65.86 and a 200-day simple moving average of $71.68. The company has a market capitalization of $15.56 billion, a PE ratio of -136.42, a P/E/G 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 data 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 period in the prior year, the company posted $0.36 earnings per share. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ZG. Barclays reduced their price objective on Zillow Group from $64.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Robert W. Baird initiated coverage on Zillow Group in a report on Friday, January 31st. They issued a "neutral" rating and a $88.00 price target for the company. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a research note on Friday, March 28th. Finally, Evercore ISI lifted their target price on shares of Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. One equities research 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.80.

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.