Versant Capital Management Inc Makes New Investment in Zillow Group, Inc. (NASDAQ:ZG)

Versant Capital Management Inc purchased a new position in shares of Zillow Group, Inc. (NASDAQ:ZG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,022 shares of the technology company’s stock, valued at approximately $72,000.

Other hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in Zillow Group in the 3rd quarter valued at $29,000. GAMMA Investing LLC grew its position in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after purchasing an additional 561 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of Zillow Group in the third quarter worth about $95,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Zillow Group by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after purchasing an additional 421 shares during the last quarter. Finally, Scientech Research LLC bought a new stake in Zillow Group during the 2nd quarter valued at approximately $211,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Insider Activity

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,212 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the completion of the sale, the general counsel now directly owns 31,739 shares in the company, valued at $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer Rock sold 3,033 shares of Zillow Group stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the transaction, the chief accounting officer now owns 57,166 shares in the company, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,689 shares of company stock valued at $10,395,879 in the last ninety days. 17.14% of the stock is owned by insiders.

Zillow Group Stock Up 1.9 %

NASDAQ:ZG opened at $71.40 on Monday. The stock’s fifty day moving average price is $72.73 and its two-hundred day moving average price is $60.07. The company has a market cap of $16.68 billion, a price-to-earnings ratio of -125.26 and a beta of 2.09. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $83.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. During the same quarter in the previous year, the business earned ($0.12) EPS. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, analysts anticipate that Zillow Group, Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Canaccord Genuity Group upped their price target on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. UBS Group increased their price target on shares of Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price objective on shares of Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Evercore ISI increased their target price on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.71.

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.