National Bank of Canada FI Acquires 26,315 Shares of Zillow Group, Inc. (NASDAQ:ZG)

National Bank of Canada FI raised its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 7,309.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,675 shares of the technology company's stock after acquiring an additional 26,315 shares during the quarter. National Bank of Canada FI's holdings in Zillow Group were worth $1,178,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in Zillow Group by 96.8% during the fourth quarter. International Assets Investment Management LLC now owns 5,672 shares of the technology company's stock worth $322,000 after acquiring an additional 2,790 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Zillow Group by 18.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,129 shares of the technology company's stock worth $915,000 after acquiring an additional 2,470 shares during the period. Quadrant Capital Group LLC increased its position in Zillow Group by 45.1% during the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company's stock worth $43,000 after acquiring an additional 237 shares during the period. Norges Bank bought a new position in Zillow Group during the fourth quarter worth $102,096,000. Finally, UBS Group AG increased its position in Zillow Group by 73.0% during the fourth quarter. UBS Group AG now owns 420,170 shares of the technology company's stock worth $23,832,000 after acquiring an additional 177,265 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 7,155 shares of the business's 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 completion of the transaction, the chief financial officer now owns 111,239 shares of the company's stock, valued at $6,328,386.71. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Jeremy Hofmann sold 7,155 shares of the business's 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 completion of the transaction, the chief financial officer now owns 111,239 shares of the company's stock, valued at $6,328,386.71. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 752 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.13, for a total transaction of $39,953.76. Following the transaction, the general counsel now directly owns 35,259 shares of the company's stock, valued at approximately $1,873,310.67. The disclosure for this sale can be found here. Insiders sold 198,548 shares of company stock worth $10,221,048 over the last quarter. Corporate insiders own 17.14% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup boosted their price target on shares of Zillow Group from $58.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Benchmark boosted their target price on shares of Zillow Group from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Evercore ISI boosted their target price on shares of Zillow Group from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Barclays boosted their target price on shares of Zillow Group from $35.00 to $36.00 and gave the company an "underweight" rating in a research note on Thursday, August 8th. Finally, UBS Group boosted their target price on shares of Zillow Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.56.

Zillow Group Stock Up 5.4 %

Shares of Zillow Group stock traded up $2.96 during trading hours on Friday, reaching $57.84. The company's stock had a trading volume of 727,585 shares, compared to its average volume of 639,659. Zillow Group, Inc. has a one year low of $33.23 and a one year high of $59.23. The company has a market capitalization of $13.66 billion, a P/E ratio of -79.54 and a beta of 2.00. The stock's fifty day simple moving average is $49.94 and its two-hundred day simple moving average is $46.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.08. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The company had revenue of $572.00 million for the quarter, compared to analyst estimates of $538.36 million. During the same period last year, the firm earned ($0.05) earnings per share. The firm's revenue was up 13.0% on a year-over-year basis. On average, research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

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.