Silvant Capital Management LLC Boosts Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Silvant Capital Management LLC increased its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 24.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,156 shares of the technology company's stock after purchasing an additional 10,320 shares during the quarter. Silvant Capital Management LLC's holdings in Zillow Group were worth $3,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZG. Signaturefd LLC raised its stake 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 worth $71,000 after purchasing an additional 360 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in 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 valued at $210,000 after acquiring an additional 421 shares during the last quarter. Creative Planning grew its position in shares of Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company's stock valued at $405,000 after acquiring an additional 439 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Zillow Group during the 3rd quarter valued at approximately $29,000. Finally, Wedmont Private Capital increased its stake in shares of Zillow Group by 4.2% during the 2nd quarter. Wedmont Private Capital now owns 12,483 shares of the technology company's stock worth $610,000 after purchasing an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company's stock.

Zillow Group Trading Down 0.7 %

ZG stock traded down $0.38 during trading on Friday, hitting $57.67. 352,126 shares of the company traded hands, compared to its average volume of 410,047. The company has a 50-day moving average of $58.73 and a 200-day moving average of $49.76. 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, Inc. has a 1 year low of $33.23 and a 1 year high of $66.75. The firm has a market capitalization of $13.35 billion, a PE ratio of -94.54 and a beta of 2.02.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 EPS 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 during the quarter, compared to analyst estimates of $538.36 million. During the same period in the prior year, the business posted ($0.05) EPS. The firm's revenue was up 13.0% compared to the same quarter last year. Analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 4,050 shares of Zillow Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the sale, the chief accounting officer now owns 79,694 shares of the company's stock, valued at approximately $3,923,335.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the firm's stock in a transaction 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 completion of the transaction, the director now owns 5,652 shares of the company's stock, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 4,050 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the sale, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 221,999 shares of company stock worth $11,780,363 over the last quarter. 17.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Evercore ISI increased their target price on shares of Zillow Group from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. DA Davidson lifted their price objective 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. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $47.00 price target on shares of Zillow Group in a report on Monday, October 7th. JMP Securities reiterated a "market outperform" rating and issued a $62.00 price target on shares of Zillow Group in a research report on Wednesday, October 9th. Finally, Barclays increased their price objective on Zillow Group from $35.00 to $36.00 and gave the stock an "underweight" rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.53.

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.