Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Hartline Investment Corp

Hartline Investment Corp lifted its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,691 shares of the technology company's stock after acquiring an additional 10,154 shares during the quarter. Hartline Investment Corp's holdings in Zillow Group were worth $5,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC bought a new stake in shares of Zillow Group in the fourth quarter valued at about $47,000. Blue Trust Inc. raised its holdings 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 valued at $30,000 after acquiring an additional 172 shares in the last quarter. Avanza Fonder AB bought a new position in Zillow Group in the fourth quarter worth about $234,000. Assenagon Asset Management S.A. raised its holdings in Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock worth $1,753,000 after purchasing an additional 5,539 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in Zillow Group in the fourth quarter worth about $72,000. 20.32% of the stock is currently owned by institutional investors.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 23,388 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Errol G. Samuelson sold 6,967 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now owns 127,467 shares of the company's stock, valued at $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,838 shares of company stock worth $6,619,079. 17.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ZG shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $88.00 target price on shares of Zillow Group in a report on Wednesday. Barclays boosted their price target on Zillow Group from $36.00 to $50.00 and gave the stock an "underweight" rating in a research note on Friday, November 8th. Benchmark boosted their price target on Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Evercore ISI boosted their price target on Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, KeyCorp upgraded Zillow Group from a "sector weight" rating to an "overweight" rating and set a $100.00 price target on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Zillow Group currently has an average rating of "Moderate Buy" and an average target price of $83.00.

Zillow Group Trading Up 2.0 %

Shares of ZG traded up $1.49 during midday trading on Friday, reaching $76.89. The company had a trading volume of 721,245 shares, compared to its average volume of 546,891. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. The stock has a market cap of $17.96 billion, a PE ratio of -134.89, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. The firm has a 50 day simple moving average of $75.58 and a 200-day simple moving average of $65.99. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results 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 2.33% and a negative net margin of 6.17%. Research analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Zillow Group 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.