GAMMA Investing LLC Increases Stake in Zillow Group, Inc. (NASDAQ:ZG)

GAMMA Investing LLC lifted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 86.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,208 shares of the technology company’s stock after buying an additional 561 shares during the quarter. GAMMA Investing LLC’s holdings in Zillow Group were worth $75,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ZG. Fidelis Capital Partners LLC acquired a new stake in Zillow Group in the first quarter valued at $32,000. EntryPoint Capital LLC acquired a new position in shares of Zillow Group during the 1st quarter worth about $53,000. Signaturefd LLC increased its holdings in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after acquiring an additional 360 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Zillow Group during the 1st quarter worth about $84,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Zillow Group during the first quarter worth approximately $118,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zillow Group

In related news, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were 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 in the company, valued at approximately $3,923,335.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Jennifer Rock sold 4,050 shares of the 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 completion of the sale, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Lloyd D. Frink sold 150,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 582 shares in the company, valued at $29,583.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock worth $11,780,363 in the last quarter. 17.14% of the stock is owned by insiders.

Zillow Group Stock Up 1.1 %

Shares of NASDAQ ZG opened at $61.46 on Wednesday. The firm’s 50-day moving average is $56.64 and its two-hundred day moving average is $48.60. The company has a market capitalization of $14.52 billion, a PE ratio of -89.07 and a beta of 2.01. Zillow Group, Inc. has a 12-month low of $33.23 and a 12-month high of $66.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 2.12.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The business had revenue of $572.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) earnings per share. Equities analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZG. Royal Bank of Canada lifted their price target on shares of Zillow Group from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Susquehanna increased their price objective on Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, August 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $62.00 target price on shares of Zillow Group in a report on Wednesday, October 9th. Finally, Citigroup increased their price target on shares of Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.94.

Zillow Group 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.