Private Advisor Group LLC Purchases Shares of 12,064 Zillow Group, Inc. (NASDAQ:ZG)

Private Advisor Group LLC purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,064 shares of the technology company's stock, valued at approximately $747,000.

Other large investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in Zillow Group during the 3rd quarter valued at $29,000. Fidelis Capital Partners LLC purchased a new position in Zillow Group in the first quarter worth about $32,000. EntryPoint Capital LLC bought a new stake in Zillow Group during the first quarter valued at approximately $53,000. GAMMA Investing LLC grew its position in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock valued at $75,000 after acquiring an additional 561 shares during the period. Finally, Signaturefd LLC grew 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 acquiring an additional 360 shares during the period. Hedge funds and other institutional investors own 20.32% of the company's stock.

Insider Transactions at Zillow Group

In other news, 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 transaction of $7,624,500.00. Following the transaction, the chairman now owns 582 shares in the company, valued at $29,583.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the business's stock in a transaction dated 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 sale, the director now owns 5,652 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, Chairman Lloyd D. Frink sold 150,000 shares of the 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 completion of 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 valued at $11,780,363 in the last quarter. 17.14% of the stock is currently owned by corporate insiders.

Zillow Group Stock Down 0.7 %

NASDAQ ZG traded down $0.38 during trading on Friday, reaching $57.67. 352,126 shares of the company's stock traded hands, compared to its average volume of 410,047. Zillow Group, Inc. has a 12-month low of $33.23 and a 12-month high of $66.75. 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 firm has a market cap of $13.35 billion, a price-to-earnings ratio of -94.54 and a beta of 2.02. The company's 50 day simple moving average is $58.73 and its two-hundred day simple moving average is $49.81.

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

Analyst Ratings Changes

A number of equities research analysts have commented on ZG shares. Wedbush upgraded shares of Zillow Group from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $50.00 to $80.00 in a research note on Monday, September 16th. Craig Hallum lifted their target price on Zillow Group from $51.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Zillow Group in a report on Tuesday, October 22nd. Susquehanna boosted their target price on shares of Zillow Group from $42.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Finally, UBS Group raised their target price on shares of Zillow Group from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.