AXQ Capital LP Sells 6,914 Shares of Zillow Group, Inc. (NASDAQ:ZG)

AXQ Capital LP lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 63.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,027 shares of the technology company's stock after selling 6,914 shares during the period. AXQ Capital LP's holdings in Zillow Group were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ZG. Mirabella Financial Services LLP acquired a new stake in Zillow Group in the 3rd quarter valued at about $11,351,000. JPMorgan Chase & Co. lifted its stake in Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock valued at $2,060,000 after purchasing an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Zillow Group by 28.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock valued at $1,753,000 after purchasing an additional 5,539 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Zillow Group by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company's stock worth $63,523,000 after buying an additional 32,766 shares in the last quarter. Finally, Virtu Financial LLC grew its position in Zillow Group by 132.1% in the third 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. 20.32% of the stock is currently owned by institutional investors and hedge funds.

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Zillow Group Trading Down 0.4 %

NASDAQ ZG traded down $0.32 during trading on Tuesday, reaching $71.98. The company's stock had a trading volume of 289,684 shares, compared to its average volume of 577,473. The stock has a market capitalization of $17.46 billion, a PE ratio of -153.15, a PEG ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. The business has a 50-day moving average price of $75.07 and a 200-day moving average price of $70.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (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%. As a group, analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ZG. Robert W. Baird assumed coverage on Zillow Group in a research note on Friday, January 31st. They set a "neutral" rating and a $88.00 price objective for the company. Evercore ISI lifted 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, February 12th. Citigroup boosted their price objective on Zillow Group from $95.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Craig Hallum raised their target price on shares of Zillow Group from $70.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, UBS Group boosted their price target on shares of Zillow Group from $90.00 to $98.00 and gave the company a "buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and a consensus target price of $82.25.

Insider Buying and Selling

In related news, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction 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 transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,065 shares of company stock worth $7,660,165. 17.14% of the stock is currently owned by insiders.

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.