Algert Global LLC Has $243,000 Position in Zillow Group, Inc. (NASDAQ:ZG)

Algert Global LLC reduced its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 85.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,430 shares of the technology company's stock after selling 20,889 shares during the period. Algert Global LLC's holdings in Zillow Group were worth $243,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ZG. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group during the fourth quarter valued at approximately $27,000. Blue Trust Inc. boosted its position in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at approximately $47,000. Assetmark Inc. lifted its position in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after buying an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after buying an additional 159 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

Zillow Group stock traded down $0.03 during mid-day trading on Thursday, reaching $67.22. 618,615 shares of the company were exchanged, compared to its average volume of 561,949. The company has a fifty day simple moving average of $66.00 and a 200-day simple moving average of $71.43. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58. The firm has a market cap of $16.30 billion, a PE ratio of -143.02, a PEG ratio of 8.90 and a beta of 2.22.

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 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 company had revenue of $598.00 million for the quarter, compared to the consensus estimate of $587.88 million. During the same quarter last year, the business earned $0.36 EPS. Zillow Group's revenue was up 13.0% on a year-over-year basis. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This trade represents a 38.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gordon Sheridan Stephenson sold 10,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total value of $706,900.00. Following the completion of the sale, the director now directly owns 28,290 shares in the company, valued at approximately $1,999,820.10. This represents a 26.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,576 shares of company stock valued at $7,137,096. 17.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on ZG. Cantor Fitzgerald raised their price objective on Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Robert W. Baird began coverage on Zillow Group in a research report on Friday, January 31st. They issued a "neutral" rating and a $88.00 price objective for the company. UBS Group cut their price objective on Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, KeyCorp cut their price objective on Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. One investment 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.80.

Zillow Group 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.