Dynamic Technology Lab Private Ltd Invests $453,000 in Zillow Group, Inc. (NASDAQ:ZG)

Dynamic Technology Lab Private Ltd acquired a new position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,390 shares of the technology company's stock, valued at approximately $453,000.

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

Zillow Group Trading Up 1.8 %

Shares of NASDAQ:ZG traded up $1.08 during trading on Monday, reaching $61.36. 60,162 shares of the stock were exchanged, compared to its average volume of 578,421. The firm has a market cap of $14.88 billion, a PE ratio of -130.55, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The stock has a 50-day moving average price of $71.45 and a 200-day moving average price of $70.79.

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Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share 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%. On average, sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company's stock, valued at $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,919 shares of company stock valued at $7,869,478. 17.14% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Robert W. Baird assumed coverage on shares of Zillow Group in a report on Friday, January 31st. They set a "neutral" rating and a $88.00 price objective on the stock. Bank of America boosted their price target on Zillow Group from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Susquehanna increased their price objective on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Stephens restated an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Cantor Fitzgerald lifted their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.60.

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.