Avitas Wealth Management LLC Takes Position in Zillow Group, Inc. (NASDAQ:ZG)

Avitas Wealth Management LLC bought a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,224 shares of the technology company's stock, valued at approximately $1,562,000.

Several other large investors have also recently bought and sold shares of ZG. Mark Asset Management LP acquired a new position in shares of Zillow Group in the 2nd quarter worth approximately $4,524,000. Selkirk Management LLC grew its position in Zillow Group by 37.4% in the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company's stock worth $14,449,000 after buying an additional 87,300 shares during the last quarter. Garde Capital Inc. increased its holdings in shares of Zillow Group by 132.7% in the second quarter. Garde Capital Inc. now owns 139,805 shares of the technology company's stock valued at $6,297,000 after buying an additional 79,733 shares in the last quarter. US Bancorp DE lifted its position in shares of Zillow Group by 42.6% during the 1st quarter. US Bancorp DE now owns 246,020 shares of the technology company's stock valued at $11,775,000 after acquiring an additional 73,504 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of Zillow Group by 176.6% during the 2nd quarter. Virtu Financial LLC now owns 89,943 shares of the technology company's stock worth $4,051,000 after acquiring an additional 57,426 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Wall Street Analysts Forecast Growth

ZG has been the subject of a number of research reports. DA Davidson lifted their target price on shares of Zillow Group from $52.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. UBS Group upped their price objective on shares of Zillow Group from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Benchmark boosted their price target on Zillow Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Barclays upped their target price on Zillow Group from $35.00 to $36.00 and gave the stock an "underweight" rating in a research report on Thursday, August 8th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $62.00 target price on shares of Zillow Group in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $61.53.

Insider Activity at Zillow Group

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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total transaction of $159,061.38. Following the completion of the transaction, the insider now directly owns 70,342 shares in the company, valued at approximately $3,740,787.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 221,999 shares of company stock valued at $11,780,363. Corporate insiders own 17.14% of the company's stock.

Zillow Group Trading Up 2.1 %

Shares of NASDAQ ZG traded up $1.21 during midday trading on Wednesday, reaching $57.69. 107,973 shares of the stock were exchanged, compared to its average volume of 616,770. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $66.75. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of -81.86 and a beta of 2.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12. The business has a 50-day simple moving average of $58.45 and a two-hundred day simple moving average of $49.54.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. During the same period last year, the company posted ($0.05) EPS. The business's quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that Zillow Group, Inc. will post -0.33 EPS for the current year.

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.