Cynosure Group LLC Acquires Shares of 197,779 Zillow Group, Inc. (NASDAQ:ZG)

Cynosure Group LLC acquired a new position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 197,779 shares of the technology company's stock, valued at approximately $12,248,000. Zillow Group comprises about 1.8% of Cynosure Group LLC's portfolio, making the stock its 14th biggest holding. Cynosure Group LLC owned about 0.09% of Zillow Group as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ZG. Future Financial Wealth Managment LLC bought a new position in shares of Zillow Group during the 3rd quarter valued at about $29,000. Signaturefd LLC boosted its holdings in shares of 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 buying an additional 360 shares during the period. GAMMA Investing LLC increased its position in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock worth $75,000 after acquiring an additional 561 shares in the last quarter. Maryland State Retirement & Pension System bought a new stake in shares of Zillow Group during the second quarter worth $202,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Zillow Group by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company's stock worth $210,000 after acquiring an additional 421 shares during the period. Institutional investors and hedge funds own 20.32% of the company's stock.

Insider Buying and Selling at Zillow Group

In other news, insider Errol G. Samuelson sold 17,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total value of $1,250,690.00. Following the transaction, the insider now directly owns 22,739 shares of the company's stock, valued at $1,672,908.23. The trade was a 42.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thielke Claire Cormier sold 2,826 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $61.11, for a total value of $172,696.86. Following the sale, the director now directly owns 2,826 shares of the company's stock, valued at $172,696.86. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,264 shares of company stock worth $10,964,365. Insiders own 17.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JMP Securities increased their price objective on Zillow Group from $62.00 to $82.00 and gave the stock a "market outperform" rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of Zillow Group from $66.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Wedbush raised shares of Zillow Group from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Citigroup lifted their price target on shares of Zillow Group from $58.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Finally, Craig Hallum boosted their price target on shares of Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $69.65.

Zillow Group Price Performance

NASDAQ:ZG traded up $0.08 on Wednesday, hitting $81.95. The company had a trading volume of 149,746 shares, compared to its average volume of 622,261. Zillow Group, Inc. has a 52 week low of $38.06 and a 52 week high of $83.25. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $19.14 billion, a price-to-earnings ratio of -143.12 and a beta of 2.02. The firm has a 50 day moving average of $64.50 and a two-hundred day moving average of $53.44.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. During the same period last year, the firm posted ($0.12) earnings per share. The business's revenue for the quarter was up 17.1% on a year-over-year basis. On average, research analysts anticipate that Zillow Group, Inc. will post -0.33 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.