Maven Securities LTD Makes New $891,000 Investment in Zillow Group, Inc. (NASDAQ:ZG)

Maven Securities LTD acquired a new position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,393 shares of the technology company's stock, valued at approximately $891,000.

A number of other large investors have also recently made changes to their positions in ZG. Walleye Capital LLC bought a new stake in shares of Zillow Group during the 3rd quarter valued at $212,000. PEAK6 Investments LLC purchased a new stake in Zillow Group in the 3rd quarter worth $424,000. CreativeOne Wealth LLC raised its holdings in Zillow Group by 164.4% during the third quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company's stock valued at $11,129,000 after acquiring an additional 111,743 shares during the period. Cynosure Group LLC purchased a new position in shares of Zillow Group in the third quarter valued at about $12,248,000. Finally, Bank of Montreal Can boosted its stake in shares of Zillow Group by 85.1% in the third quarter. Bank of Montreal Can now owns 140,252 shares of the technology company's stock worth $8,903,000 after acquiring an additional 64,473 shares during the period. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Down 1.3 %

Shares of ZG stock traded down $1.05 during mid-day trading on Thursday, hitting $78.26. 298,497 shares of the stock traded hands, compared to its average volume of 616,864. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $83.67. The stock has a market cap of $18.28 billion, a P/E ratio of -139.14 and a beta of 2.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The stock's fifty day moving average is $66.50 and its two-hundred day moving average is $54.95.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) 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 the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business's quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) earnings per share. Equities analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other news, insider Dan Spaulding sold 4,565 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the transaction, the insider now directly owns 58,217 shares in the company, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jennifer Rock sold 3,187 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 163,591 shares of company stock valued at $11,892,886. Insiders own 17.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ZG shares. JMP Securities increased their price objective on shares of Zillow Group from $62.00 to $82.00 and gave the company a "market outperform" rating in a report on Thursday, November 7th. Craig Hallum increased their price target on Zillow Group from $70.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Royal Bank of Canada lifted their price objective on Zillow Group from $66.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Cantor Fitzgerald reiterated a "neutral" rating and set a $47.00 target price on shares of Zillow Group in a research report on Monday, October 7th. Finally, Canaccord Genuity Group boosted their price target on shares of Zillow Group from $64.00 to $86.00 and gave the stock a "hold" rating in a research report on Monday. 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $70.94.

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.