Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Algert Global LLC

Algert Global LLC decreased its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,730 shares of the technology company’s stock after selling 1,228 shares during the period. Algert Global LLC’s holdings in Zillow Group were worth $1,159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new stake in shares of Zillow Group in the first quarter worth $32,000. EntryPoint Capital LLC acquired a new stake in shares of Zillow Group in the first quarter worth $53,000. Signaturefd LLC increased its position in shares of Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Zillow Group in the first quarter worth $84,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Zillow Group in the first quarter worth $118,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ZG shares. Royal Bank of Canada increased their price objective on shares of Zillow Group from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Citigroup upped their target price on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a research note on Monday, September 30th. Benchmark upped their target price on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $50.00 to $80.00 in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.94.

Zillow Group Trading Down 1.2 %

Zillow Group stock opened at $61.00 on Friday. The firm’s 50-day moving average is $54.26 and its 200-day moving average is $47.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $66.75. The company has a market cap of $14.12 billion, a P/E ratio of -88.41 and a beta of 2.01.

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

Insider Buying and Selling

In related 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 sale, the chairman now owns 582 shares of the company’s stock, valued at $29,583.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 sale, the chairman now owns 582 shares of the company’s stock, valued at $29,583.06. This trade represents a 0.00 % 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, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares in the company, valued at approximately $379,983.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock valued at $11,780,363 in the last quarter. Company insiders own 17.14% of the company’s stock.

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.