Virtu Financial LLC Has $29.78 Million Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

Virtu Financial LLC increased its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 101.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,255 shares of the technology company's stock after purchasing an additional 211,482 shares during the period. Zillow Group accounts for about 1.6% of Virtu Financial LLC's portfolio, making the stock its 4th largest position. Virtu Financial LLC owned about 0.18% of Zillow Group worth $29,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Summit Global Investments purchased a new position in shares of Zillow Group during the 4th quarter valued at approximately $364,000. Royal London Asset Management Ltd. boosted its stake in Zillow Group by 20.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 15,270 shares of the technology company's stock worth $1,082,000 after buying an additional 2,633 shares during the last quarter. Cibc World Markets Corp grew its holdings in shares of Zillow Group by 10.2% in the fourth quarter. Cibc World Markets Corp now owns 15,810 shares of the technology company's stock valued at $1,120,000 after purchasing an additional 1,467 shares during the period. Great Lakes Advisors LLC raised its position in shares of Zillow Group by 2.8% during the 4th quarter. Great Lakes Advisors LLC now owns 228,934 shares of the technology company's stock valued at $16,220,000 after buying an additional 6,319 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Zillow Group by 59.1% during the fourth quarter. HighTower Advisors LLC now owns 8,995 shares of the technology company's stock valued at $637,000 after acquiring an additional 3,341 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company's stock.

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Zillow Group Stock Performance

Shares of ZG traded down $1.99 during mid-day trading on Wednesday, hitting $70.08. The company's stock had a trading volume of 297,006 shares, compared to its average volume of 574,721. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58. The firm has a market capitalization of $17.00 billion, a PE ratio of -149.11, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. The stock's 50-day moving average is $75.09 and its two-hundred day moving average is $70.36.

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%. Analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the firm'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 transaction of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 over the last three months. Company insiders own 17.14% of the company's stock.

Analyst Upgrades and Downgrades

ZG has been the subject of a number of analyst reports. Citigroup boosted their target price on shares of Zillow Group from $95.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Bank of America upped their target price on Zillow Group from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Susquehanna upped their target price on Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Canaccord Genuity Group increased their price target on Zillow Group from $64.00 to $86.00 and gave the company a "hold" rating in a report on Monday, December 2nd. Finally, Benchmark boosted their price objective on Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Zillow Group has an average rating of "Moderate Buy" and an average target price of $82.25.

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.