L & S Advisors Inc Buys Shares of 25,500 Zillow Group, Inc. (NASDAQ:ZG)

L & S Advisors Inc purchased a new stake in 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 fund purchased 25,500 shares of the technology company's stock, valued at approximately $1,579,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZG. Future Financial Wealth Managment LLC bought a new stake in Zillow Group in the 3rd quarter valued at $29,000. EntryPoint Capital LLC acquired a new stake in shares of Zillow Group in the 1st quarter valued at $53,000. Signaturefd LLC boosted its stake in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after purchasing an additional 360 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock valued at $75,000 after purchasing an additional 561 shares in the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of Zillow Group in the 2nd quarter valued at $202,000. Institutional investors own 20.32% of the company's stock.

Zillow Group Stock Performance

Zillow Group stock traded up $1.53 during mid-day trading on Friday, hitting $80.79. 459,574 shares of the company's stock traded hands, compared to its average volume of 626,256. The firm has a 50 day simple moving average of $63.21 and a two-hundred day simple moving average of $52.46. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $81.74. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of -141.74 and a beta of 2.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same quarter last year, the firm posted ($0.12) EPS. The company's quarterly revenue was up 17.1% on a year-over-year basis. On average, research analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 3,187 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the transaction, the chief accounting officer now owns 69,649 shares in the company, valued at approximately $5,154,026. This trade represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Daimler sold 3,484 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total value of $188,763.12. Following the completion of the transaction, the insider now owns 22,464 shares in the company, valued at $1,217,099.52. The trade was a 13.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,419 shares of company stock worth $11,371,413 in the last 90 days. Company insiders own 17.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZG. Susquehanna upped their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Citigroup upped their price target on shares of Zillow Group from $58.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Royal Bank of Canada upped their price target on shares of Zillow Group from $66.00 to $74.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Cantor Fitzgerald reiterated a "neutral" rating and set a $47.00 price target on shares of Zillow Group in a research report on Monday, October 7th. Finally, Barclays upped their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an "underweight" rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $68.18.

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.