Zillow Group, Inc. (NASDAQ:ZG) Short Interest Up 29.7% in November

Zillow Group, Inc. (NASDAQ:ZG) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,310,000 shares, a growth of 29.7% from the October 31st total of 1,010,000 shares. Based on an average daily volume of 538,200 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $47.00 target price on shares of Zillow Group in a research note on Monday, October 7th. Craig Hallum raised their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group upped their target price on Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JMP Securities lifted their price target on Zillow Group from $62.00 to $82.00 and gave the stock a “market outperform” rating in a report on Thursday, November 7th. Finally, Benchmark increased their price objective on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.65.

Insiders Place Their Bets

In related news, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now owns 31,739 shares in the company, valued at approximately $2,348,051.22. This represents a 3.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 7,175 shares of Zillow Group stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $85.36, for a total transaction of $612,458.00. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,481,540.32. This trade represents a 6.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,439 shares of company stock valued at $11,576,823 in the last 90 days. 17.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zillow Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Cynosure Group LLC bought a new stake in shares of Zillow Group during the 3rd quarter valued at approximately $12,248,000. Mirabella Financial Services LLP acquired a new stake in Zillow Group in the third quarter valued at approximately $11,351,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Zillow Group during the third quarter worth $9,813,000. Virtu Financial LLC increased its holdings in shares of Zillow Group by 132.1% during the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after buying an additional 118,830 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in shares of Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after acquiring an additional 111,743 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

Zillow Group Trading Down 1.0 %

Shares of Zillow Group stock opened at $81.53 on Friday. The firm’s 50-day moving average price is $65.22 and its two-hundred day moving average price is $53.84. The company has a market capitalization of $19.04 billion, a price-to-earnings ratio of -144.44 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 has a 12-month low of $38.06 and a 12-month high of $83.67.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. During the same period last year, the firm posted ($0.12) earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, analysts forecast that Zillow Group will post -0.33 earnings per share for the current fiscal year.

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.