Raymond James Financial Inc. purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 210,535 shares of the technology company's stock, valued at approximately $14,916,000. Raymond James Financial Inc. owned 0.09% of Zillow Group at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. Atria Investments Inc purchased a new stake in Zillow Group in the 3rd quarter worth approximately $231,000. Thrivent Financial for Lutherans grew its stake in Zillow Group by 93.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 142,917 shares of the technology company's stock worth $8,851,000 after acquiring an additional 68,984 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Zillow Group in the 3rd quarter worth approximately $774,000. L & S Advisors Inc purchased a new stake in Zillow Group in the 3rd quarter worth approximately $1,579,000. Finally, Raymond James Trust N.A. grew its stake in Zillow Group by 19.0% in the 3rd quarter. Raymond James Trust N.A. now owns 15,674 shares of the technology company's stock worth $971,000 after acquiring an additional 2,500 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.
Zillow Group Trading Up 0.7 %
ZG stock traded up $0.51 during trading on Friday, reaching $69.78. The stock had a trading volume of 1,407,857 shares, compared to its average volume of 578,493. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. The company has a market capitalization of $16.93 billion, a P/E ratio of -148.47, a PEG ratio of 8.90 and a beta of 2.33. The firm has a fifty day moving average price of $74.99 and a 200 day moving average price of $69.83.
Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results 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%. Sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.
Wall Street Analyst Weigh In
ZG has been the subject of several research reports. DA Davidson boosted their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Stephens reissued an "overweight" rating and set a $73.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W raised shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Cantor Fitzgerald boosted their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, JMP Securities boosted their price objective on shares of Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $82.25.
Check Out Our Latest Stock Report on Zillow Group
Insider Activity at Zillow Group
In other Zillow Group news, 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 value of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeremy Hofmann sold 23,388 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This trade represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 in the last quarter. Insiders own 17.14% of the company's stock.
About Zillow Group
(
Free Report)
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.
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