CreativeOne Wealth LLC Increases Stake in Zillow Group, Inc. (NASDAQ:ZG)

CreativeOne Wealth LLC grew its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,383 shares of the technology company's stock after buying an additional 8,683 shares during the period. CreativeOne Wealth LLC owned 0.08% of Zillow Group worth $13,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Zillow Group by 155.4% in the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock worth $2,060,000 after purchasing an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Zillow Group by 28.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock worth $1,753,000 after acquiring an additional 5,539 shares during the last quarter. Victory Capital Management Inc. grew its position in Zillow Group by 136.3% in the fourth quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company's stock worth $1,628,000 after acquiring an additional 13,255 shares in the last quarter. Virtu Financial LLC increased its stake in Zillow Group by 132.1% in the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company's stock valued at $12,929,000 after acquiring an additional 118,830 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Zillow Group by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company's stock valued at $63,523,000 after purchasing an additional 32,766 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 2,025 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,919 shares of company stock worth $7,869,478. Corporate insiders own 17.14% of the company's stock.

Zillow Group Stock Performance

Shares of NASDAQ ZG traded up $0.07 during mid-day trading on Friday, hitting $61.49. 254,715 shares of the stock traded hands, compared to its average volume of 577,897. The company has a market cap of $14.91 billion, a price-to-earnings ratio of -130.83, a PEG ratio of 8.90 and a beta of 2.22. The stock has a fifty day moving average price of $69.22 and a 200-day moving average price of $70.64. 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 posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate 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 fiscal year.

Analyst Ratings Changes

ZG has been the topic of several recent research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $88.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Robert W. Baird began coverage on shares of Zillow Group in a research note on Friday, January 31st. They set a "neutral" rating and a $88.00 price target on the stock. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a research note on Friday, March 28th. Citigroup decreased their target price on shares of Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, KeyCorp cut their price target on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $81.05.

About Zillow Group

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.