AlphaQuest LLC Purchases 7,586 Shares of Zillow Group, Inc. (NASDAQ:ZG)

AlphaQuest LLC boosted its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 75,860.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,596 shares of the technology company's stock after acquiring an additional 7,586 shares during the period. AlphaQuest LLC's holdings in Zillow Group were worth $538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings 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 in the last quarter. Asset Dedication LLC acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $47,000. Assetmark Inc. boosted its holdings in shares of Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after acquiring an additional 755 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Zillow Group by 24.0% in 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 in the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Zillow Group in the 4th quarter worth approximately $72,000. 20.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZG. DA Davidson boosted their target price on Zillow Group from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $88.00 target price on shares of Zillow Group in a report 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 report on Wednesday, February 12th. Craig Hallum boosted their target price on Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Citigroup upped their price objective on Zillow Group from $95.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One 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.com, Zillow Group currently has an average rating of "Moderate Buy" and an average price target of $83.00.

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Zillow Group Stock Performance

Shares of Zillow Group stock opened at $69.91 on Thursday. The firm has a fifty day moving average of $75.16 and a two-hundred day moving average of $69.25. The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of -148.74, a PEG ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 52 week low of $38.06 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) 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%. As a group, research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jun Choo sold 55,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $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 sold a total of 96,065 shares of company stock worth $7,660,165 in the last quarter. Corporate insiders own 17.14% of the company's stock.

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.

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