Capula Management Ltd Acquires 13,960 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Capula Management Ltd increased its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 42.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,576 shares of the technology company's stock after purchasing an additional 13,960 shares during the quarter. Capula Management Ltd's holdings in Zillow Group were worth $3,300,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Zillow Group in the 4th quarter worth about $165,326,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock valued at $18,454,000 after buying an additional 241,331 shares in the last quarter. Virtu Financial LLC increased its holdings in Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after buying an additional 211,482 shares during the last quarter. Raymond James Financial Inc. bought a new position in Zillow Group during the fourth quarter valued at approximately $14,916,000. Finally, NINE MASTS CAPITAL Ltd raised its position in Zillow Group by 47.4% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 163,658 shares of the technology company's stock valued at $11,595,000 after acquiring an additional 52,622 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Piper Sandler dropped their price target on shares of Zillow Group from $93.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Cantor Fitzgerald increased their target price on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Bank of America boosted their price target on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. KeyCorp lowered their price objective on Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Finally, UBS Group reduced their target price on Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Zillow Group currently has a consensus rating of "Moderate Buy" and an average price target of $81.60.

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Insider Activity

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,919 shares of company stock worth $7,869,478. 17.14% of the stock is currently owned by corporate insiders.

Zillow Group Price Performance

Shares of NASDAQ ZG traded down $0.56 during mid-day trading on Friday, hitting $60.28. The company had a trading volume of 583,697 shares, compared to its average volume of 580,457. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The firm has a market cap of $14.62 billion, a P/E ratio of -128.26, a PEG ratio of 8.90 and a beta of 2.22. The business's 50-day simple moving average is $71.45 and its 200-day simple moving average is $70.79.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced 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 return on equity of 2.12% and a negative net margin of 5.01%. As a group, sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS 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.