CreativeOne Wealth LLC Increases Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

CreativeOne Wealth LLC increased its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 164.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,700 shares of the technology company's stock after buying an additional 111,743 shares during the period. CreativeOne Wealth LLC owned about 0.08% of Zillow Group worth $11,129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. L & S Advisors Inc purchased a new stake in Zillow Group during the third quarter worth $1,579,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Zillow Group during the 1st quarter worth $1,597,000. Envestnet Portfolio Solutions Inc. boosted its position in Zillow Group by 24.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company's stock valued at $2,233,000 after purchasing an additional 9,828 shares in the last quarter. Mirabella Financial Services LLP purchased a new position in Zillow Group in the third quarter valued at about $11,351,000. Finally, California State Teachers Retirement System raised its holdings in Zillow Group by 169.9% in the first quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company's stock worth $1,186,000 after purchasing an additional 15,594 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZG has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of Zillow Group from $56.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Zillow Group from $42.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Susquehanna upped their price target on Zillow Group from $55.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Evercore ISI raised their price objective on Zillow Group from $55.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, UBS Group boosted their target price on Zillow Group from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $69.65.

Insider Buying and Selling at Zillow Group

In related news, CTO David A. Beitel sold 56,750 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the sale, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. This trade represents a 99.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Daimler sold 3,484 shares of Zillow Group stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12. Following the completion of the transaction, the insider now directly owns 22,464 shares of the company's stock, valued at $1,217,099.52. The trade was a 13.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,439 shares of company stock worth $11,576,823. Insiders own 17.14% of the company's stock.

Zillow Group Stock Performance

ZG traded up $0.46 during trading on Wednesday, reaching $82.33. 304,340 shares of the company's stock were exchanged, compared to its average volume of 622,956. 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, Inc. has a 1 year low of $38.06 and a 1 year high of $83.25. The company's fifty day simple moving average is $64.50 and its 200-day simple moving average is $53.44. The stock has a market capitalization of $19.23 billion, a P/E ratio of -143.12 and a beta of 2.02.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million during the quarter, compared to analysts' expectations of $555.45 million. During the same quarter last year, the company posted ($0.12) earnings per share. The firm's revenue was up 17.1% compared to the same quarter last year. As a group, research analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

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.