Great Lakes Advisors LLC Boosts Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Great Lakes Advisors LLC raised its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,934 shares of the technology company's stock after acquiring an additional 6,319 shares during the quarter. Great Lakes Advisors LLC owned about 0.10% of Zillow Group worth $16,220,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ZG. HighTower Advisors LLC boosted its position in shares of Zillow Group by 59.1% during the 4th quarter. HighTower Advisors LLC now owns 8,995 shares of the technology company's stock worth $637,000 after purchasing an additional 3,341 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Zillow Group during the 4th quarter worth approximately $63,000. AlphaQuest LLC increased its stake in shares of Zillow Group by 75,860.0% during the 4th quarter. AlphaQuest LLC now owns 7,596 shares of the technology company's stock worth $538,000 after purchasing an additional 7,586 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in Zillow Group in the 4th quarter worth approximately $992,000. Finally, Raymond James Financial Inc. bought a new position in Zillow Group in the 4th quarter valued at $14,916,000. Institutional investors own 20.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ZG. Robert W. Baird began coverage on shares of Zillow Group in a report on Friday, January 31st. They set a "neutral" rating and a $88.00 price objective for the company. Cantor Fitzgerald lifted their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. JMP Securities lifted their target price on shares of Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a research report on Monday, December 16th. Finally, Susquehanna boosted their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.00.

Remove Ads

Insider Transactions at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction on 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 owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 over the last three months. Corporate insiders own 17.14% of the company's stock.

Zillow Group Stock Up 3.2 %

Shares of NASDAQ ZG traded up $2.10 during midday trading on Friday, hitting $68.50. The stock had a trading volume of 629,766 shares, compared to its average volume of 590,798. The business's 50 day moving average is $75.03 and its 200-day moving average is $69.41. The company has a market cap of $16.62 billion, a P/E ratio of -145.74, a PEG ratio of 8.90 and a beta of 2.33. 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 issued its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (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, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.