Short Interest in Zillow Group, Inc. (NASDAQ:ZG) Increases By 26.6%

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,110,000 shares, an increase of 26.6% from the February 13th total of 876,700 shares. Currently, 2.1% of the company's stock are short sold. Based on an average daily trading volume, of 561,100 shares, the short-interest ratio is presently 2.0 days.

Zillow Group Price Performance

Shares of NASDAQ:ZG traded up $0.42 during trading on Thursday, reaching $69.27. The stock had a trading volume of 416,897 shares, compared to its average volume of 618,081. Zillow Group has a 52 week low of $38.06 and a 52 week high of $86.58. The business's 50-day moving average price is $74.94 and its 200 day moving average price is $69.72. The stock has a market capitalization of $16.80 billion, a PE ratio of -147.38, a P/E/G ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 2.12% and a negative net margin of 5.01%. Analysts forecast that Zillow Group will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on ZG shares. DA Davidson raised their target price on Zillow Group from $75.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Craig Hallum raised their target price on Zillow Group from $70.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Canaccord Genuity Group raised their target price on Zillow Group from $64.00 to $86.00 and gave the company a "hold" rating in a report on Monday, December 2nd. Stephens reaffirmed an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald raised their target price on Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $82.25.

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Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the transaction, the chief accounting officer now owns 51,370 shares of the company's stock, valued at $3,878,435. The trade was a 10.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company's stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock worth $7,660,165 over the last three months. Corporate insiders own 17.14% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in Zillow Group during the 4th quarter worth $266,000. Wood Tarver Financial Group LLC acquired a new stake in Zillow Group during the 4th quarter worth $70,000. AlphaCore Capital LLC acquired a new stake in Zillow Group during the 4th quarter worth $381,000. Vise Technologies Inc. grew its holdings in Zillow Group by 91.5% during the 4th quarter. Vise Technologies Inc. now owns 7,677 shares of the technology company's stock worth $544,000 after acquiring an additional 3,668 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Zillow Group by 31.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,175 shares of the technology company's stock worth $5,822,000 after acquiring an additional 19,891 shares during the period. Institutional investors own 20.32% of the company's stock.

Zillow Group Company 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.