Algert Global LLC Sells 20,889 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Algert Global LLC cut its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 85.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,430 shares of the technology company's stock after selling 20,889 shares during the quarter. Algert Global LLC's holdings in Zillow Group were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in shares of Zillow Group in the 4th quarter valued at about $165,326,000. Arrowstreet Capital Limited Partnership boosted its stake 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 valued at $18,454,000 after buying an additional 241,331 shares during the period. Virtu Financial LLC boosted its stake 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 valued at $29,775,000 after buying 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 valued at about $14,916,000. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of Zillow Group by 2,728.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 96,801 shares of the technology company's stock valued at $6,858,000 after buying an additional 93,378 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. The trade was a 38.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,741 shares of company stock worth $11,414,034 in the last three months. Insiders own 17.14% of the company's stock.

Zillow Group Trading Up 2.3%

NASDAQ:ZG traded up $1.54 during mid-day trading on Friday, hitting $68.76. 475,465 shares of the company's stock traded hands, compared to its average volume of 562,811. The firm has a 50 day moving average of $66.00 and a two-hundred day moving average of $71.70. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of -146.30, 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 Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. During the same quarter in the prior year, the business posted $0.36 EPS. Zillow Group's revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ZG. Baird R W upgraded Zillow Group to a "hold" rating in a research note on Friday, January 31st. Susquehanna boosted their target price on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Stephens restated an "overweight" rating and set a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Bank of America boosted their target price on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird began coverage on Zillow Group in a research note on Friday, January 31st. They set a "neutral" rating and a $88.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus target price 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.