Quadrature Capital Ltd Invests $418,000 in Zillow Group, Inc. (NASDAQ:ZG)

Quadrature Capital Ltd acquired a new position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,751 shares of the technology company's stock, valued at approximately $418,000.

Other hedge funds also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new position in Zillow Group during the third quarter worth $29,000. GAMMA Investing LLC lifted its holdings in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock valued at $75,000 after acquiring an additional 561 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new stake in shares of Zillow Group in the third quarter valued at about $95,000. Signaturefd LLC grew its position in Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after acquiring an additional 360 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in Zillow Group in the 3rd quarter valued at about $212,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zillow Group news, CAO Jennifer Rock sold 3,033 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the transaction, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the transaction, the general counsel now directly owns 31,739 shares in the company, valued at $2,348,051.22. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,140 shares of company stock worth $11,955,195 over the last ninety days. Company insiders own 17.14% of the company's stock.

Wall Street Analyst Weigh In

ZG has been the topic of a number of recent research reports. DA Davidson raised their price target on shares of Zillow Group from $71.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price target on Zillow Group from $64.00 to $86.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price objective on Zillow Group from $66.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Evercore ISI upped their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, JMP Securities upped their price objective on shares of Zillow Group from $62.00 to $82.00 and gave the stock a "market outperform" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $72.12.

Zillow Group Trading Up 0.1 %

Zillow Group stock traded up $0.06 during trading hours on Tuesday, reaching $78.99. 192,659 shares of the company's stock traded hands, compared to its average volume of 612,218. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $83.67. The firm's 50 day moving average is $67.45 and its 200-day moving average is $55.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. The business had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the company posted ($0.12) EPS. As a group, research analysts forecast that Zillow Group, Inc. will post -0.34 earnings per share for the current year.

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.