Virtu Financial LLC Has $12.93 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Virtu Financial LLC boosted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 132.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,773 shares of the technology company's stock after purchasing an additional 118,830 shares during the quarter. Zillow Group comprises 0.7% of Virtu Financial LLC's portfolio, making the stock its 12th largest holding. Virtu Financial LLC owned approximately 0.09% of Zillow Group worth $12,929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ZG. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Zillow Group by 24.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company's stock worth $2,233,000 after buying an additional 9,828 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Zillow Group by 7.0% during the second quarter. Raymond James & Associates now owns 193,023 shares of the technology company's stock worth $8,694,000 after buying an additional 12,616 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Zillow Group by 5.4% during the second quarter. Raymond James Trust N.A. now owns 13,174 shares of the technology company's stock worth $593,000 after buying an additional 674 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Zillow Group by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 162,647 shares of the technology company's stock worth $7,326,000 after buying an additional 7,311 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock worth $71,000 after buying an additional 360 shares during the last quarter. Institutional investors own 20.32% of the company's stock.

Insider Buying and Selling at Zillow Group

In other news, CAO Jennifer Rock sold 3,187 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the sale, the chief accounting officer now owns 69,649 shares of the company's stock, valued at $5,154,026. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dan Spaulding sold 4,565 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the sale, the insider now directly owns 58,217 shares in the company, valued at approximately $5,019,469.74. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,140 shares of company stock valued at $11,955,195. 17.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on ZG. Wedbush upgraded Zillow Group from a "neutral" rating to an "outperform" rating and upped their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. Evercore ISI upped their target price on Zillow Group from $55.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. UBS Group upped their target price on Zillow Group from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. JMP Securities upped their target price on Zillow Group from $62.00 to $82.00 and gave the company a "market outperform" rating in a research note on Thursday, November 7th. Finally, Barclays upped their target price on Zillow Group from $36.00 to $50.00 and gave the company an "underweight" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.12.

Zillow Group Stock Down 1.5 %

Zillow Group stock traded down $1.21 during mid-day trading on Thursday, hitting $77.56. The stock had a trading volume of 307,378 shares, compared to its average volume of 609,974. The stock has a 50-day simple moving average of $68.11 and a two-hundred day simple moving average of $56.28. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $83.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business had revenue of $581.00 million for the quarter, compared to analysts' expectations of $555.45 million. During the same quarter last year, the business earned ($0.12) earnings per share. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. On average, research analysts expect that Zillow Group, Inc. will post -0.34 earnings per share for the current 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.