Schonfeld Strategic Advisors LLC Acquires 93,378 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Schonfeld Strategic Advisors LLC lifted its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 2,728.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,801 shares of the technology company's stock after buying an additional 93,378 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Zillow Group were worth $6,858,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group in the 4th quarter worth approximately $27,000. Blue Trust Inc. lifted 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 purchasing an additional 172 shares during the period. Asset Dedication LLC bought a new stake in Zillow Group in the 4th quarter valued at $47,000. Assetmark Inc. increased its holdings in Zillow Group by 18,875.0% in the 4th 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 period. Finally, Jones Financial Companies Lllp lifted its holdings 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 acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 20.32% of the company's stock.

Zillow Group Trading Down 1.0 %

Shares of ZG traded down $0.65 on Monday, reaching $66.98. The company's stock had a trading volume of 309,114 shares, compared to its average volume of 559,875. The firm has a fifty day moving average of $67.06 and a 200-day moving average of $71.06. Zillow Group, Inc. has a twelve month low of $38.40 and a twelve month high of $86.58. The stock has a market capitalization of $16.25 billion, a PE ratio of -142.51, 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 Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the sale, the chief technology officer now owns 151,046 shares of the company's stock, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,919 shares of company stock worth $5,744,978 in the last quarter. 17.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ZG shares. Susquehanna increased their price target on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Wells Fargo & Company started coverage on Zillow Group in a report on Monday, April 28th. They issued a "mixed" rating and a $62.00 price target on the stock. Benchmark upped their target price on shares of Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Robert W. Baird started coverage on shares of Zillow Group in a research note on Friday, January 31st. They set a "neutral" rating and a $88.00 price objective on the stock. Finally, UBS Group lowered their price target on Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a report on Friday, April 11th. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $80.10.

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.