Mark Asset Management LP Acquires Shares of 100,440 Zillow Group, Inc. (NASDAQ:ZG)

Mark Asset Management LP purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 100,440 shares of the technology company’s stock, valued at approximately $4,524,000.

Other institutional investors also recently modified their holdings of the company. Shannon River Fund Management LLC purchased a new position in Zillow Group in the fourth quarter worth about $4,384,000. GSA Capital Partners LLP grew its position in Zillow Group by 47.8% during the 4th quarter. GSA Capital Partners LLP now owns 78,301 shares of the technology company’s stock worth $4,441,000 after purchasing an additional 25,333 shares during the last quarter. Edgestream Partners L.P. lifted its stake in Zillow Group by 140.6% during the 1st quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock valued at $992,000 after acquiring an additional 12,116 shares during the period. US Bancorp DE lifted its stake in shares of Zillow Group by 42.6% in the 1st quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock valued at $11,775,000 after purchasing an additional 73,504 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Zillow Group during the first quarter worth $1,597,000. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Trading Down 1.2 %

Shares of NASDAQ ZG opened at $63.53 on Friday. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $66.75. The company has a market cap of $14.70 billion, a price-to-earnings ratio of -92.07 and a beta of 2.00. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $52.88 and a 200-day simple moving average of $47.61.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. The company had revenue of $572.00 million for the quarter, compared to analyst estimates of $538.36 million. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) EPS. Sell-side analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZG. Craig Hallum raised their target price on shares of Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Benchmark lifted their price target on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Wedbush raised shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. DA Davidson lifted their price target on Zillow Group from $52.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Susquehanna boosted their target price on Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.94.

Insiders Place Their Bets

In other Zillow Group news, General Counsel Bradley D. Owens sold 752 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total value of $39,953.76. Following the transaction, the general counsel now owns 35,259 shares of the company’s stock, valued at $1,873,310.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Bradley D. Owens sold 752 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $53.13, for a total transaction of $39,953.76. Following the completion of the transaction, the general counsel now directly owns 35,259 shares of the company’s stock, valued at $1,873,310.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total value of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,999 shares of company stock worth $11,780,363. 17.14% of the stock is currently owned by company 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.