Garde Capital Inc. Has $6.30 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Garde Capital Inc. grew its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 132.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,805 shares of the technology company's stock after acquiring an additional 79,733 shares during the period. Garde Capital Inc. owned 0.06% of Zillow Group worth $6,297,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina lifted its stake in shares of Zillow Group by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 24,511 shares of the technology company's stock worth $1,390,000 after buying an additional 230 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock worth $71,000 after buying an additional 360 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company's stock worth $210,000 after buying an additional 421 shares during the last quarter. Wedmont Private Capital raised its stake in Zillow Group by 4.2% during the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company's stock valued at $610,000 after purchasing an additional 504 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Zillow Group in the 1st quarter valued at $32,000. 20.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ZG. UBS Group boosted their price target on Zillow Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Wedbush raised Zillow Group from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Susquehanna boosted their target price on Zillow Group from $42.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Royal Bank of Canada boosted their target price on Zillow Group from $60.00 to $66.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Finally, DA Davidson boosted their target price on Zillow Group from $52.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and an average target price of $60.94.

Zillow Group Stock Down 2.4 %

ZG traded down $1.50 during trading on Monday, reaching $61.98. The company had a trading volume of 215,845 shares, compared to its average volume of 641,943. The business's fifty day moving average price is $53.17 and its 200 day moving average price is $47.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $66.75. The company has a market cap of $14.34 billion, a P/E ratio of -90.22 and a beta of 2.00.

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

Insider Activity at Zillow Group

In other news, Chairman Lloyd D. Frink sold 150,000 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the sale, the chairman now owns 582 shares of the company's stock, valued at $29,583.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now owns 5,652 shares of the company's stock, valued at $379,983.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Lloyd D. Frink sold 150,000 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the transaction, the chairman now directly owns 582 shares in the company, valued at $29,583.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 221,999 shares of company stock valued at $11,780,363. 17.14% of the stock is owned by 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.