Proficio Capital Partners LLC Takes $1.81 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

Proficio Capital Partners LLC purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,506 shares of the technology company's stock, valued at approximately $1,807,000.

A number of other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after acquiring an additional 159 shares during the period. 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. Baillie Gifford & Co. increased its position in Zillow Group by 0.6% during the fourth quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company's stock worth $6,520,000 after acquiring an additional 509 shares during the period. Ieq Capital LLC increased its position in Zillow Group by 4.9% during the fourth quarter. Ieq Capital LLC now owns 12,123 shares of the technology company's stock worth $859,000 after acquiring an additional 566 shares during the period. Finally, Asset Dedication LLC bought a new position in Zillow Group during the fourth quarter worth $47,000. Institutional investors own 20.32% of the company's stock.

Analysts Set New Price Targets

ZG has been the topic of a number of research reports. DA Davidson boosted their target price on shares of Zillow Group from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. JMP Securities boosted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Robert W. Baird started coverage on shares of Zillow Group in a report on Friday, January 31st. They issued a "neutral" rating and a $88.00 price target on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $88.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and an average target price of $82.25.

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Insider Buying and Selling

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the sale, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock worth $7,660,165 in the last 90 days. Corporate insiders own 17.14% of the company's stock.

Zillow Group Trading Up 0.7 %

NASDAQ ZG traded up $0.51 on Friday, hitting $69.78. 1,407,857 shares of the company were exchanged, compared to its average volume of 577,867. The firm has a 50 day moving average of $74.99 and a two-hundred day moving average of $69.95. The company has a market cap of $16.93 billion, a P/E ratio of -148.47, a P/E/G ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) 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%. Research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal 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.