Two Sigma Securities LLC Trims Stake in Zillow Group, Inc. (NASDAQ:ZG)

Two Sigma Securities LLC reduced its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 78.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,072 shares of the technology company's stock after selling 10,888 shares during the period. Two Sigma Securities LLC's holdings in Zillow Group were worth $218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Zillow Group in the 4th quarter worth about $27,000. Blue Trust Inc. raised its position in 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 acquiring an additional 172 shares during the period. Asset Dedication LLC purchased a new position in Zillow Group in the fourth quarter valued at about $47,000. Assetmark Inc. grew its position in shares of Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after acquiring an additional 755 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after purchasing an additional 159 shares during the last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

ZG traded down $0.30 during midday trading on Monday, hitting $67.33. The stock had a trading volume of 215,557 shares, compared to its average volume of 559,557. Zillow Group, Inc. has a 1 year low of $38.40 and a 1 year high of $86.58. The business has a fifty day moving average of $67.06 and a 200 day moving average of $71.06. The company has a market cap of $16.33 billion, a P/E ratio of -143.23, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. This trade represents a 10.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,919 shares of company stock valued at $5,744,978. 17.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a research report on Friday, March 28th. Wells Fargo & Company initiated coverage on Zillow Group in a report on Monday, April 28th. They set a "mixed" rating and a $62.00 price objective on the stock. DA Davidson reaffirmed a "buy" rating and set a $90.00 target price on shares of Zillow Group in a report on Friday, April 11th. UBS Group lowered their price target on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Benchmark boosted their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and a consensus target price of $80.10.

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.