Renaissance Technologies LLC Grows Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Renaissance Technologies LLC lifted its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 97.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,100 shares of the technology company's stock after acquiring an additional 30,700 shares during the period. Renaissance Technologies LLC's holdings in Zillow Group were worth $4,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC boosted its stake in shares of Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company's stock worth $12,929,000 after buying an additional 118,830 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Zillow Group by 155.4% in the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock valued at $2,060,000 after acquiring an additional 20,238 shares in the last quarter. Versant Capital Management Inc purchased a new position in Zillow Group during the fourth quarter valued at $72,000. Assenagon Asset Management S.A. raised its holdings in shares of Zillow Group by 28.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock worth $1,753,000 after acquiring an additional 5,539 shares in the last quarter. Finally, Avanza Fonder AB bought a new position in shares of Zillow Group in the 4th quarter valued at about $234,000. Hedge funds and other institutional investors own 20.32% of the company's stock.

Insider Transactions at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock worth $7,869,478. 17.14% of the stock is currently owned by company insiders.

Zillow Group Price Performance

NASDAQ ZG traded up $1.62 during mid-day trading on Thursday, hitting $64.82. The stock had a trading volume of 210,773 shares, compared to its average volume of 573,124. The firm's 50 day moving average is $68.36 and its 200 day moving average is $70.64. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of -137.91, a PEG ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities research analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on ZG shares. William Blair initiated coverage on Zillow Group in a research report on Monday. They issued a "market perform" rating on the stock. UBS Group reduced their price target on Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Susquehanna lifted their price target on shares of Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Evercore ISI lifted their target price on shares of Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $81.05.

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.