Quantinno Capital Management LP Takes $325,000 Position in Zillow Group, Inc. (NASDAQ:ZG)

Quantinno Capital Management LP purchased a new position in Zillow Group, Inc. (NASDAQ:ZG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,254 shares of the technology company’s stock, valued at approximately $325,000.

A number of other large investors also recently bought and sold shares of ZG. Dimensional Fund Advisors LP raised its stake in Zillow Group by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock valued at $19,901,000 after buying an additional 35,503 shares during the last quarter. Selkirk Management LLC boosted its stake in Zillow Group by 37.4% in the 2nd quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock worth $14,449,000 after purchasing an additional 87,300 shares in the last quarter. US Bancorp DE grew its position in Zillow Group by 6.5% during the 3rd 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 during the last quarter. Cynosure Group LLC bought a new stake in Zillow Group during the 3rd quarter valued at about $12,248,000. Finally, Raymond James & Associates raised its holdings in Zillow Group by 7.0% in the second quarter. Raymond James & Associates now owns 193,023 shares of the technology company’s stock worth $8,694,000 after buying an additional 12,616 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of the 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 owns 5,652 shares in the company, valued at approximately $379,983.96. This trade represents a 78.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,314 shares of company stock valued at $11,782,498 over the last quarter. 17.14% of the stock is currently owned by company insiders.

Zillow Group Stock Down 0.7 %

Shares of ZG stock opened at $76.84 on Monday. The company has a current ratio of 3.13, a quick 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 $83.67. The stock has a market cap of $17.95 billion, a P/E ratio of -134.81 and a beta of 2.08. The company has a 50 day simple moving average of $68.74 and a two-hundred day simple moving average of $56.94.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) EPS. On average, research analysts expect that Zillow Group, Inc. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ZG. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $50.00 to $80.00 in a report on Monday, September 16th. Canaccord Genuity Group upped their price objective on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Barclays lifted their target price on Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $47.00 price target on shares of Zillow Group in a report on Monday, October 7th. Finally, The Goldman Sachs Group lifted their price objective on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.12.

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.