Private Advisor Group LLC Has $1.75 Million Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Private Advisor Group LLC increased its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 104.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,718 shares of the technology company's stock after acquiring an additional 12,654 shares during the quarter. Private Advisor Group LLC's holdings in Zillow Group were worth $1,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZG. Blue Trust Inc. increased its position in Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after acquiring an additional 172 shares during the period. Asset Dedication LLC acquired a new stake in Zillow Group in the 4th quarter worth $47,000. Versant Capital Management Inc acquired a new position in shares of Zillow Group during the fourth quarter valued at about $72,000. Pinpoint Asset Management Ltd acquired a new position in shares of Zillow Group during the third quarter valued at about $95,000. Finally, Walleye Capital LLC acquired a new stake in Zillow Group during the third quarter worth about $212,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ZG shares. Craig Hallum upped their price target on Zillow Group from $70.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. KeyCorp upgraded Zillow Group from a "sector weight" rating to an "overweight" rating and set a $100.00 target price for the company in a research note on Monday, February 3rd. Royal Bank of Canada reiterated an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Piper Sandler dropped their price objective on shares of Zillow Group from $93.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Finally, Canaccord Genuity Group lifted their target price on shares of Zillow Group from $64.00 to $86.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $83.00.

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Insider Buying and Selling

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. The trade was a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jun Choo sold 1,277 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,098 shares of company stock valued at $3,611,337 over the last ninety days. Insiders own 17.14% of the company's stock.

Zillow Group Stock Performance

Zillow Group stock traded up $0.53 on Friday, reaching $74.39. The company's stock had a trading volume of 808,293 shares, compared to its average volume of 593,441. The business's fifty day moving average price is $75.28 and its 200 day moving average price is $68.17. The company has a market cap of $18.04 billion, a price-to-earnings ratio of -158.28, a PEG ratio of 8.90 and a beta of 2.09. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. As a group, equities analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

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.