AXQ Capital LP cut its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 63.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,027 shares of the technology company's stock after selling 6,914 shares during the quarter. AXQ Capital LP's holdings in Zillow Group were worth $285,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC raised its stake in Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock valued at $29,775,000 after buying an additional 211,482 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $14,916,000. Cynosure Group LLC bought a new stake in Zillow Group in the 3rd quarter valued at $12,248,000. Mirabella Financial Services LLP acquired a new stake in Zillow Group during the 3rd quarter valued at $11,351,000. Finally, Philadelphia Financial Management of San Francisco LLC bought a new position in Zillow Group during the third quarter worth $9,813,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.
Zillow Group Stock Performance
Shares of Zillow Group stock traded down $1.28 during midday trading on Thursday, hitting $68.80. 497,914 shares of the company traded hands, compared to its average volume of 574,480. The stock has a market cap of $16.69 billion, a price-to-earnings ratio of -146.38, a PEG ratio of 8.90 and a beta of 2.33. The firm's fifty day moving average price is $75.09 and its 200-day moving average price is $70.36. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58.
Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings results 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 return on equity of 2.12% and a negative net margin of 5.01%. Equities research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.
Insider Activity
In related news, CTO David A. Beitel sold 2,025 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total value of $157,443.75. Following the completion of the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,919 shares of company stock valued at $7,869,478. 17.14% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
ZG has been the subject of a number of research reports. JMP Securities raised their target price on shares of Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a research note on Monday, December 16th. Baird R W raised shares of Zillow Group to a "hold" rating in a report on Friday, January 31st. UBS Group boosted their price objective on Zillow Group from $90.00 to $98.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Evercore ISI upped their target price on Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group lifted their price target on Zillow Group from $64.00 to $86.00 and gave the stock a "hold" rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.25.
View Our Latest Research Report on ZG
Zillow Group Company Profile
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Free Report)
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.
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