Dimensional Fund Advisors LP Raises Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Dimensional Fund Advisors LP grew its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 441,800 shares of the technology company's stock after acquiring an additional 35,503 shares during the quarter. Dimensional Fund Advisors LP owned 0.19% of Zillow Group worth $19,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in Zillow Group in the 1st quarter worth approximately $32,000. EntryPoint Capital LLC bought a new position in shares of Zillow Group during the 1st quarter valued at approximately $53,000. Signaturefd LLC increased its position in shares of Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Zillow Group during the 1st quarter valued at approximately $84,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Zillow Group during the 1st quarter valued at approximately $118,000. Institutional investors own 20.32% of the company's stock.

Zillow Group Stock Down 1.2 %

Shares of NASDAQ ZG traded down $0.74 during mid-day trading on Friday, reaching $61.00. 635,440 shares of the company were exchanged, compared to its average volume of 638,575. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of -89.48 and a beta of 2.01. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $66.75. The firm has a 50-day moving average of $54.26 and a 200 day moving average of $47.94.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $538.36 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS. On average, research analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZG has been the topic of several analyst reports. Susquehanna boosted their target price on Zillow Group from $42.00 to $55.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Craig Hallum boosted their price objective on Zillow Group from $51.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, August 8th. DA Davidson boosted their price objective on Zillow Group from $52.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Wedbush upgraded Zillow Group from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $50.00 to $80.00 in a report on Monday, September 16th. Finally, Evercore ISI boosted their price objective on Zillow Group from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and an average target price of $60.94.

Insider Buying and Selling

In related news, General Counsel Bradley D. Owens sold 752 shares of the company's stock in a transaction dated Wednesday, August 14th. The stock was 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 $1,873,310.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, General Counsel Bradley D. Owens sold 752 shares of the company's stock in a transaction dated Wednesday, August 14th. The stock was 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 $1,873,310.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Lloyd D. Frink sold 150,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now directly owns 582 shares in the company, valued at $29,583.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock worth $11,780,363 in the last three months. 17.14% of the stock is owned by insiders.

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.