Garde Capital Inc. Has $6.30 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

Garde Capital Inc. grew its position in Zillow Group, Inc. (NASDAQ:ZG) by 132.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,805 shares of the technology company’s stock after buying an additional 79,733 shares during the quarter. Garde Capital Inc. owned 0.06% of Zillow Group worth $6,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Scientech Research LLC acquired a new position in shares of Zillow Group in the 2nd quarter valued at approximately $211,000. Selkirk Management LLC grew its holdings in shares of Zillow Group by 37.4% during the 2nd quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock valued at $14,449,000 after purchasing an additional 87,300 shares during the last quarter. Mark Asset Management LP bought a new stake in shares of Zillow Group during the 2nd quarter valued at approximately $4,524,000. Thrivent Financial for Lutherans grew its holdings in shares of Zillow Group by 155.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 73,933 shares of the technology company’s stock valued at $3,330,000 after purchasing an additional 44,959 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Zillow Group by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock valued at $210,000 after purchasing an additional 421 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Performance

ZG opened at $63.48 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The company’s fifty day moving average price is $53.17 and its two-hundred day moving average price is $47.57. Zillow Group, Inc. has a 1-year low of $33.23 and a 1-year high of $66.75.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data 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 firm had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. As a group, equities research analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ZG shares. Craig Hallum lifted their price target 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. Barclays boosted their target price on shares of Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. UBS Group boosted their target price on shares of Zillow Group from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Evercore ISI boosted their target price on shares of Zillow Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, Susquehanna boosted their target price on shares of Zillow Group from $42.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $60.94.

Insider Activity

In other news, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the sale, the chairman now owns 582 shares in the company, valued at $29,583.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.83, for a total transaction of $7,624,500.00. Following the transaction, the chairman now owns 582 shares of the company’s stock, valued at approximately $29,583.06. The disclosure for this sale can be found here. Insiders sold a total of 221,999 shares of company stock worth $11,780,363 over the last quarter. 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.