Versor Investments LP Has $203,000 Position in Zillow Group, Inc. (NASDAQ:ZG)

Versor Investments LP cut its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 68.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,497 shares of the technology company’s stock after selling 9,800 shares during the period. Versor Investments LP’s holdings in Zillow Group were worth $203,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Zillow Group by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock valued at $456,861,000 after purchasing an additional 1,730,731 shares during the period. Norges Bank bought a new stake in Zillow Group in the 4th quarter valued at $102,096,000. UBS Group AG boosted its holdings in Zillow Group by 73.0% in the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock valued at $23,832,000 after purchasing an additional 177,265 shares during the period. US Bancorp DE boosted its holdings in Zillow Group by 42.6% in the 1st quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock valued at $11,775,000 after purchasing an additional 73,504 shares during the period. Finally, Raymond James & Associates boosted its holdings in Zillow Group by 7.0% in the 2nd quarter. Raymond James & Associates now owns 193,023 shares of the technology company’s stock valued at $8,694,000 after purchasing an additional 12,616 shares during the period. Institutional investors own 20.32% of the company’s stock.

Insider Buying and Selling

In other news, insider Susan Daimler sold 5,907 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $47.74, for a total transaction of $282,000.18. Following the transaction, the insider now owns 29,665 shares of the company’s stock, valued at $1,416,207.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Susan Daimler sold 5,907 shares of Zillow Group stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $47.74, for a total transaction of $282,000.18. Following the completion of the sale, the insider now owns 29,665 shares in the company, valued at approximately $1,416,207.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders sold 200,971 shares of company stock worth $10,314,285 in the last quarter. Insiders own 17.14% of the company’s stock.

Zillow Group Price Performance

Shares of ZG stock opened at $51.53 on Friday. The stock’s fifty day moving average is $49.15 and its 200-day moving average is $46.88. 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 stock has a market capitalization of $11.93 billion, a PE ratio of -74.68 and a beta of 2.00. Zillow Group, Inc. has a 52 week low of $33.23 and a 52 week high of $59.23.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on ZG. DA Davidson reissued a “buy” rating and issued a $52.00 price target on shares of Zillow Group in a report on Tuesday, June 18th. Citigroup raised their price objective on shares of Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Barclays raised their price objective 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. Benchmark raised their price objective on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Susquehanna raised their price objective 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 analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $58.56.

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.