Bank of Montreal Can Acquires 64,473 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Bank of Montreal Can raised its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 85.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,252 shares of the technology company's stock after purchasing an additional 64,473 shares during the period. Bank of Montreal Can owned approximately 0.06% of Zillow Group worth $8,903,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Zillow Group by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company's stock worth $19,901,000 after buying an additional 35,503 shares in the last quarter. Selkirk Management LLC raised its stake in Zillow Group by 37.4% in the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company's stock valued at $14,449,000 after purchasing an additional 87,300 shares in the last quarter. US Bancorp DE boosted its position in shares of Zillow Group by 6.5% during the 3rd quarter. US Bancorp DE now owns 297,819 shares of the technology company's stock worth $18,444,000 after acquiring an additional 18,136 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Zillow Group by 7.0% during the 2nd quarter. Raymond James & Associates now owns 193,023 shares of the technology company's stock worth $8,694,000 after buying an additional 12,616 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new position in Zillow Group during the third quarter worth about $11,351,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Up 0.3 %

ZG stock traded up $0.25 during trading on Tuesday, reaching $80.89. 310,261 shares of the stock were exchanged, compared to its average volume of 618,702. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $83.67. The firm's 50 day moving average is $65.89 and its 200 day moving average is $54.52.

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 the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million for the quarter, compared to analysts' expectations of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) EPS. Equities analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, insider Dan Spaulding sold 4,565 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the sale, the insider now directly owns 58,217 shares of the company's stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan Daimler sold 3,484 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total value of $188,763.12. Following the transaction, the insider now owns 22,464 shares of the company's stock, valued at $1,217,099.52. The trade was a 13.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,591 shares of company stock valued at $11,892,886 in the last 90 days. 17.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ZG has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on Zillow Group from $42.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Citigroup lifted their target price on shares of Zillow Group from $58.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Barclays lifted their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an "underweight" rating in a report on Friday, November 8th. Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, JMP Securities upped their price target on Zillow Group from $62.00 to $82.00 and gave the company a "market outperform" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and a consensus price target of $70.94.

Zillow Group Company 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.