Mirabella Financial Services LLP Buys Shares of 183,294 Zillow Group, Inc. (NASDAQ:ZG)

Mirabella Financial Services LLP acquired a new position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 183,294 shares of the technology company's stock, valued at approximately $11,351,000. Mirabella Financial Services LLP owned approximately 0.08% of Zillow Group at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Zillow Group in the third quarter worth $29,000. EntryPoint Capital LLC purchased a new stake in Zillow Group in the 1st quarter worth $53,000. GAMMA Investing LLC raised its holdings in Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock valued at $75,000 after acquiring an additional 561 shares during the period. Signaturefd LLC raised its holdings in Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after acquiring an additional 360 shares during the period. Finally, Atria Investments Inc purchased a new position in shares of Zillow Group in the third quarter valued at about $231,000. 20.32% of the stock is owned by institutional investors.

Zillow Group Trading Up 0.7 %

NASDAQ ZG traded up $0.59 during trading on Monday, hitting $81.38. The stock had a trading volume of 541,128 shares, compared to its average volume of 625,882. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $83.25. The stock has a 50 day simple moving average of $64.08 and a 200 day simple moving average of $53.16. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of -142.77 and a beta of 2.02. 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 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 firm had revenue of $581.00 million during 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 period last year, the company earned ($0.12) EPS. Sell-side analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Craig Hallum increased their price objective on shares of Zillow Group from $55.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, November 7th. JMP Securities increased their price target on Zillow Group from $62.00 to $82.00 and gave the company a "market outperform" rating in a research note on Thursday, November 7th. Cantor Fitzgerald restated a "neutral" rating and set a $47.00 price target on shares of Zillow Group in a report on Monday, October 7th. Canaccord Genuity Group upped their price objective on Zillow Group from $56.00 to $64.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. Finally, Barclays increased their target price on Zillow Group from $36.00 to $50.00 and gave the company an "underweight" rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $68.18.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 7,155 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total transaction of $407,047.95. Following the transaction, the chief financial officer now directly owns 111,239 shares in the company, valued at approximately $6,328,386.71. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Rock sold 3,187 shares of the business's 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 directly owns 69,649 shares of the company's stock, valued at $5,154,026. This trade represents a 4.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 160,419 shares of company stock valued at $11,371,413 over the last quarter. 17.14% of the stock is owned by corporate insiders.

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.