Mint Tower Capital Management B.V. Has $2.61 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

Mint Tower Capital Management B.V. decreased its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,763 shares of the technology company's stock after selling 11,634 shares during the period. Zillow Group accounts for approximately 0.7% of Mint Tower Capital Management B.V.'s holdings, making the stock its 23rd largest position. Mint Tower Capital Management B.V.'s holdings in Zillow Group were worth $2,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can raised its position in Zillow Group by 85.1% during 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 in the last quarter. Cynosure Group LLC bought a new stake in shares of Zillow Group in the 3rd quarter valued at about $12,248,000. CreativeOne Wealth LLC raised its holdings in shares of Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company's stock valued at $11,129,000 after purchasing an additional 111,743 shares during the period. PEAK6 Investments LLC acquired a new stake in Zillow Group in the 3rd quarter valued at about $424,000. Finally, Walleye Capital LLC bought a new position in Zillow Group during the third quarter worth about $212,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Insider Activity

In related news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares in the company, 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 at this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock worth $7,869,478. Insiders own 17.14% of the company's stock.

Remove Ads

Zillow Group Price Performance

Shares of ZG stock traded down $1.60 on Friday, hitting $67.20. 301,467 shares of the company's stock were exchanged, compared to its average volume of 575,436. The company has a 50 day moving average of $74.84 and a 200 day moving average of $70.57. The stock has a market cap of $16.30 billion, a P/E ratio of -142.98, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly 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 net margin of 5.01% and a negative return on equity of 2.12%. Sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

ZG has been the topic of several research reports. Baird R W upgraded shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. KeyCorp lowered their price target on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Cantor Fitzgerald boosted their price objective on Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Stephens reaffirmed an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Susquehanna lifted their price target on Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $82.25.

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.