Zillow Group, Inc. (NASDAQ:ZG) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 86.7% in the third quarter, HoldingsChannel reports. The firm owned 1,208 shares of the technology company’s stock after purchasing an additional 561 shares during the quarter. GAMMA Investing LLC’s holdings in Zillow Group were worth $75,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Garde Capital Inc. boosted its stake in Zillow Group by 132.7% during the 2nd quarter. Garde Capital Inc. now owns 139,805 shares of the technology company’s stock valued at $6,297,000 after purchasing an additional 79,733 shares during the period. Scientech Research LLC bought a new stake in shares of Zillow Group during the second quarter valued at approximately $211,000. Selkirk Management LLC boosted its position in shares of Zillow Group by 37.4% during the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after buying an additional 87,300 shares during the period. Mark Asset Management LP bought a new position in Zillow Group in the 2nd quarter worth approximately $4,524,000. Finally, Thrivent Financial for Lutherans increased its position in Zillow Group by 155.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 73,933 shares of the technology company’s stock valued at $3,330,000 after acquiring an additional 44,959 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ZG shares. Barclays boosted their price target on Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Thursday, August 8th. Evercore ISI increased their target price on shares of Zillow Group from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. JMP Securities restated a “market outperform” rating and set a $62.00 price target on shares of Zillow Group in a research report on Wednesday, October 9th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a report on Monday, October 7th. Finally, Benchmark boosted their target price on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average price target of $60.94.

Zillow Group Price Performance

NASDAQ ZG opened at $61.46 on Wednesday. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $66.75. The stock’s 50-day moving average price is $56.64 and its two-hundred day moving average price is $48.60. The company has a market cap of $14.52 billion, a PE ratio of -89.07 and a beta of 2.01. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

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

Insider Activity

In other Zillow Group news, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Thielke Claire Cormier sold 2,826 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the sale, the director now directly owns 2,826 shares in the company, valued at approximately $172,696.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock worth $11,780,363 over the last quarter. Corporate insiders own 17.14% 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.