Zillow Group, Inc. (NASDAQ:ZG) Short Interest Update

Zillow Group, Inc. (NASDAQ:ZG - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,580,000 shares, an increase of 42.3% from the February 28th total of 1,110,000 shares. Based on an average trading volume of 604,700 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.0% of the company's shares are sold short.

Wall Street Analyst Weigh In

ZG has been the subject of a number of analyst reports. Benchmark raised their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. 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 research report on Monday, January 27th. Evercore ISI increased their price objective on Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Stephens restated an "overweight" rating and set a $73.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, DA Davidson raised their target price on shares of Zillow Group from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.25.

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Zillow Group Stock Performance

Shares of ZG traded up $1.02 during midday trading on Tuesday, hitting $67.88. 172,670 shares of the company traded hands, compared to its average volume of 573,644. The stock has a market cap of $16.46 billion, a price-to-earnings ratio of -144.59, a PEG ratio of 8.90 and a beta of 2.33. The firm has a 50 day moving average of $74.68 and a 200-day moving average of $70.77. Zillow Group has a 52 week low of $38.06 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last released 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%. Sell-side analysts predict that Zillow Group will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at $3,878,435. The trade was 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 98,919 shares of company stock worth $7,869,478. 17.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted 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 worth $2,060,000 after buying an additional 20,238 shares during the period. Assenagon Asset Management S.A. boosted its stake 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 purchasing an additional 5,539 shares during the period. Virtu Financial LLC grew its holdings in Zillow Group by 132.1% during the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company's stock valued at $12,929,000 after purchasing an additional 118,830 shares during the last quarter. Geode Capital Management LLC raised its position in Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company's stock worth $63,523,000 after purchasing an additional 32,766 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Zillow Group by 136.3% in the fourth quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company's stock worth $1,628,000 after purchasing an additional 13,255 shares during the last quarter. 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.