Victory Capital Management Inc. Has $1.63 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

Victory Capital Management Inc. lifted its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 136.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,982 shares of the technology company's stock after purchasing an additional 13,255 shares during the quarter. Victory Capital Management Inc.'s holdings in Zillow Group were worth $1,628,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after purchasing an additional 172 shares during the period. Asset Dedication LLC acquired a new stake in shares of Zillow Group during the 4th quarter worth about $47,000. Jones Financial Companies Lllp increased its position in shares of Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock worth $58,000 after purchasing an additional 159 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Zillow Group during the 4th quarter worth about $72,000. Finally, Pinpoint Asset Management Ltd acquired a new stake in shares of Zillow Group during the 3rd quarter worth about $95,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Insider Activity

In related news, CAO Jennifer Rock sold 5,796 shares of Zillow Group 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 completion of the sale, the chief accounting officer now owns 51,370 shares of the company's stock, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock valued at $7,660,165 in the last quarter. Company insiders own 17.14% of the company's stock.

Remove Ads

Zillow Group Stock Up 0.7 %

Zillow Group stock traded up $0.51 during midday trading on Friday, hitting $69.78. 1,407,857 shares of the stock were exchanged, compared to its average volume of 578,493. The company has a fifty day simple moving average of $74.99 and a two-hundred day simple moving average of $69.83. Zillow Group, Inc. has a 52 week low of $38.06 and a 52 week high of $86.58. The stock has a market capitalization of $16.93 billion, a PE ratio of -148.47, a P/E/G ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates 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%. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZG shares. UBS Group increased their target price on shares of Zillow Group from $90.00 to $98.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. 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. Craig Hallum raised their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Canaccord Genuity Group raised their price objective on shares of Zillow Group from $64.00 to $86.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. Finally, Evercore ISI raised their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.25.

About Zillow Group

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.