GSA Capital Partners LLP Grows Stake in Zillow Group, Inc. (NASDAQ:ZG)

GSA Capital Partners LLP lifted its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 207.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,248 shares of the technology company's stock after buying an additional 10,285 shares during the quarter. GSA Capital Partners LLP's holdings in Zillow Group were worth $944,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ZG. Oppenheimer & Co. Inc. acquired a new stake in shares of Zillow Group in the 1st quarter valued at $218,000. Russell Investments Group Ltd. lifted its position in Zillow Group by 148.6% during the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company's stock valued at $1,528,000 after purchasing an additional 19,087 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Zillow Group by 9.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 73,972 shares of the technology company's stock valued at $3,233,000 after purchasing an additional 6,211 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of Zillow Group in the 1st quarter valued at about $186,000. Finally, Edgestream Partners L.P. grew its position in shares of Zillow Group by 140.6% during the 1st quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company's stock worth $992,000 after buying an additional 12,116 shares during the period. 20.32% of the stock is owned by institutional investors.

Zillow Group Price Performance

Shares of ZG traded down $1.27 during trading hours on Friday, hitting $70.73. 595,154 shares of the company were exchanged, compared to its average volume of 595,513. Zillow Group, Inc. has a fifty-two week low of $36.38 and a fifty-two week high of $73.89. The firm's fifty day moving average is $61.58 and its 200 day moving average is $51.52. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

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

Wall Street Analyst Weigh In

ZG has been the subject of several analyst reports. Cantor Fitzgerald restated a "neutral" rating and set a $47.00 target price on shares of Zillow Group in a research report on Monday, October 7th. UBS Group upped their target price on shares of Zillow Group from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group increased their target price on shares of Zillow Group from $56.00 to $64.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of Zillow Group from $66.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective on Zillow Group from $42.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $67.17.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 7,155 shares of Zillow Group stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total transaction of $407,047.95. Following the completion of the transaction, the chief financial officer now directly owns 111,239 shares in the company, valued at $6,328,386.71. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Rock sold 3,650 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $54.71, for a total transaction of $199,691.50. Following the completion of the transaction, the chief accounting officer now directly owns 72,836 shares in the company, valued at approximately $3,984,857.56. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,069 shares of company stock valued at $9,569,415. 17.14% of the stock is currently owned by company insiders.

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.