Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Garner Asset Management Corp

Garner Asset Management Corp lowered its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,762 shares of the technology company’s stock after selling 4,200 shares during the quarter. Garner Asset Management Corp’s holdings in Zillow Group were worth $935,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Shannon River Fund Management LLC bought a new position in shares of Zillow Group during the 4th quarter valued at about $4,384,000. GSA Capital Partners LLP lifted its holdings in shares of Zillow Group by 47.8% in the fourth quarter. GSA Capital Partners LLP now owns 78,301 shares of the technology company’s stock valued at $4,441,000 after purchasing an additional 25,333 shares in the last quarter. Norges Bank purchased a new stake in shares of Zillow Group in the fourth quarter valued at $102,096,000. Edgestream Partners L.P. boosted its position in shares of Zillow Group by 140.6% in the first quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock worth $992,000 after buying an additional 12,116 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Zillow Group by 42.6% during the first quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock valued at $11,775,000 after buying an additional 73,504 shares in the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In related news, CAO Jennifer Rock sold 4,050 shares of the company’s 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 transaction, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Zillow Group news, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $50.83, for a total value of $7,624,500.00. Following the transaction, the chairman now owns 582 shares of the company’s stock, valued at $29,583.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer Rock sold 4,050 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $49.23, for a total value of $199,381.50. Following the transaction, the chief accounting officer now owns 79,694 shares of the company’s stock, valued at $3,923,335.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,374 shares of company stock worth $10,393,745. 17.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ZG. Royal Bank of Canada increased their price objective on Zillow Group from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Benchmark increased their price target on shares of Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Barclays boosted their price objective on shares of Zillow Group from $35.00 to $36.00 and gave the company an “underweight” rating in a research report on Thursday, August 8th. Citigroup increased their price objective on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $50.00 to $80.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned 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 $59.82.

Zillow Group Price Performance

Shares of ZG stock opened at $63.20 on Thursday. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $65.60. The company has a market capitalization of $14.93 billion, a P/E ratio of -91.59 and a beta of 2.00. The stock has a 50 day moving average of $50.80 and a two-hundred day moving average of $47.02. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11.

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

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.