Vontobel Holding Ltd. Has $1.02 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

Vontobel Holding Ltd. boosted its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 4.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 16,407 shares of the technology company’s stock after acquiring an additional 750 shares during the period. Vontobel Holding Ltd.’s holdings in Zillow Group were worth $1,016,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Edgestream Partners L.P. grew its holdings in Zillow Group by 140.6% during the first quarter. Edgestream Partners L.P. now owns 20,735 shares of the technology company’s stock valued at $992,000 after purchasing an additional 12,116 shares during the period. US Bancorp DE boosted its position 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 worth $11,775,000 after purchasing an additional 73,504 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Zillow Group in the 1st quarter valued at $1,597,000. Russell Investments Group Ltd. increased its position in shares of Zillow Group by 148.6% in the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock valued at $1,528,000 after buying an additional 19,087 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Zillow Group by 24.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock worth $2,233,000 after buying an additional 9,828 shares during the period. Institutional investors own 20.32% of the company’s stock.

Zillow Group Price Performance

NASDAQ:ZG opened at $61.67 on Monday. The stock’s 50-day simple moving average is $57.56 and its 200 day simple moving average is $48.89. Zillow Group, Inc. has a 52-week low of $33.23 and a 52-week high of $66.75. 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 has a market cap of $14.27 billion, a P/E ratio of -101.10 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 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 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 quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS. As a group, sell-side analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZG has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $62.00 price target on shares of Zillow Group in a report on Wednesday, October 9th. Craig Hallum increased their target price on Zillow Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Susquehanna raised 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. Royal Bank of Canada upped their price target on shares of Zillow Group from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Evercore ISI raised their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.94.

Insiders Place Their Bets

In related news, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the completion of the sale, the director now directly owns 2,826 shares in the company, valued at approximately $172,696.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed 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 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 directly owns 79,694 shares of the company’s stock, valued at $3,923,335.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the sale, the director now owns 2,826 shares of the company’s stock, valued at approximately $172,696.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 221,999 shares of company stock valued at $11,780,363. 17.14% of the stock is currently owned by corporate insiders.

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.