Unified Investment Management Takes Position in Zillow Group, Inc. (NASDAQ:ZG)

Unified Investment Management acquired a new position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,347 shares of the technology company's stock, valued at approximately $1,158,000. Zillow Group makes up about 1.3% of Unified Investment Management's investment portfolio, making the stock its 21st biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of ZG. Jones Financial Companies Lllp lifted its position in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after buying an additional 159 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after buying an additional 172 shares during the period. Creative Planning raised its holdings in 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 buying an additional 439 shares during the last quarter. Baillie Gifford & Co. boosted its position in Zillow Group by 0.6% during the 4th quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company's stock valued at $6,520,000 after buying an additional 509 shares during the period. Finally, Ieq Capital LLC grew its holdings in Zillow Group by 4.9% in the 4th 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 last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Zillow Group

In other news, CAO Jennifer Rock sold 3,033 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the transaction, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jun Choo sold 1,277 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,098 shares of company stock valued at $7,911,237. Company insiders own 17.14% of the company's stock.

Zillow Group Price Performance

Zillow Group stock traded down $2.97 during mid-day trading on Thursday, reaching $72.18. 676,504 shares of the stock traded hands, compared to its average volume of 597,531. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58. The business's 50-day moving average is $75.26 and its 200-day moving average is $68.63. The stock has a market capitalization of $17.51 billion, a PE ratio of -153.57, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33.

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 (EPS) for the quarter, missing analysts' consensus estimates 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%. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ZG shares. The Goldman Sachs Group increased their target price on shares of Zillow Group from $42.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Robert W. Baird started coverage on Zillow Group in a research report on Friday, January 31st. They issued a "neutral" rating and a $88.00 price objective on the stock. DA Davidson upped their target price on Zillow Group from $75.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. JMP Securities raised their price target on Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a research note on Monday, December 16th. Finally, Baird R W upgraded shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

About Zillow Group

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.