Y Intercept Hong Kong Ltd Buys New Shares in Zillow Group, Inc. (NASDAQ:ZG)

Y Intercept Hong Kong Ltd acquired a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,860 shares of the technology company's stock, valued at approximately $557,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Creative Planning increased its position in shares of Zillow Group by 7.2% in 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 in the last quarter. Baillie Gifford & Co. raised its stake in Zillow Group by 0.6% during the 4th quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company's stock worth $6,520,000 after buying an additional 509 shares during the period. Ieq Capital LLC raised its stake in Zillow Group by 4.9% during the 4th quarter. Ieq Capital LLC now owns 12,123 shares of the technology company's stock worth $859,000 after buying an additional 566 shares during the period. Finally, Asset Dedication LLC bought a new position in Zillow Group during the fourth quarter worth about $47,000. 20.32% of the stock is owned by institutional investors.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 3,033 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the transaction, the chief accounting officer now owns 57,166 shares in the company, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,098 shares of company stock valued at $7,911,237 over the last ninety days. 17.14% of the stock is owned by corporate insiders.

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Zillow Group Trading Up 3.2 %

NASDAQ ZG traded up $2.36 during midday trading on Wednesday, hitting $75.15. The company had a trading volume of 613,490 shares, compared to its average volume of 597,221. The firm has a 50-day moving average price of $75.23 and a 200-day moving average price of $68.58. The company has a market capitalization of $18.23 billion, a PE ratio of -159.89, a P/E/G ratio of 8.90 and a beta of 2.33. 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 issued its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. On average, equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ZG shares. Evercore ISI lifted their price target on shares of Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Robert W. Baird began coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a "neutral" rating and a $88.00 target price for the company. JMP Securities increased their price objective on Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a report on Monday, December 16th. Barclays boosted 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. Finally, Canaccord Genuity Group upped their price target on Zillow Group from $64.00 to $86.00 and gave the stock a "hold" rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $83.00.

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.