3,722 Shares in Zillow Group, Inc. (NASDAQ:ZG) Bought by Atria Investments Inc

Atria Investments Inc acquired a new stake in Zillow Group, Inc. (NASDAQ:ZG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,722 shares of the technology company’s stock, valued at approximately $231,000.

Other hedge funds have also recently bought and sold shares of the company. Silvant Capital Management LLC raised its holdings in Zillow Group by 24.1% in the 3rd quarter. Silvant Capital Management LLC now owns 53,156 shares of the technology company’s stock valued at $3,292,000 after acquiring an additional 10,320 shares in the last quarter. US Bancorp DE raised its stake in shares of Zillow Group by 6.5% in the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after purchasing an additional 18,136 shares in the last quarter. Avitas Wealth Management LLC acquired a new position in shares of Zillow Group in the third quarter valued at $1,562,000. Private Advisor Group LLC bought a new position in Zillow Group in the third quarter worth $747,000. Finally, Vontobel Holding Ltd. boosted its stake in Zillow Group by 4.8% during the third quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after buying an additional 750 shares in the last quarter. 20.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Susan Daimler sold 3,484 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total value of $188,763.12. Following the transaction, the insider now owns 22,464 shares of the company’s stock, valued at approximately $1,217,099.52. This trade represents a 13.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeremy Hofmann sold 7,155 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $56.89, for a total transaction of $407,047.95. Following the sale, the chief financial officer now directly owns 111,239 shares of the company’s stock, valued at approximately $6,328,386.71. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 160,419 shares of company stock valued at $11,371,413. 17.14% of the stock is currently owned by corporate insiders.

Zillow Group Stock Performance

Zillow Group stock opened at $80.79 on Friday. The stock has a 50-day simple moving average of $63.67 and a 200 day simple moving average of $52.80. The stock has a market capitalization of $18.87 billion, a price-to-earnings ratio of -141.74 and a beta of 2.02. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $81.74.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The company’s revenue was up 17.1% on a year-over-year basis. On average, research analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a research note on Monday, October 7th. Citigroup increased their price target on shares of Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Barclays lifted their price objective on Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Royal Bank of Canada increased their target price on Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $73.00 price target (up previously from $62.00) on shares of Zillow Group in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.18.

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.