Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Zillow Group, Inc. (NASDAQ:ZG) by 70.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,938 shares of the technology company’s stock after selling 13,930 shares during the period. SG Americas Securities LLC’s holdings in Zillow Group were worth $421,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Creative Planning raised its position in shares of Zillow Group by 7.2% in the third quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after purchasing an additional 439 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $29,000. GAMMA Investing LLC boosted its stake in shares of Zillow Group by 86.7% in the 3rd 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 in the last quarter. Vontobel Holding Ltd. lifted its position in Zillow Group by 4.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after buying an additional 750 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in Zillow Group by 0.9% during the 3rd quarter. Baillie Gifford & Co. now owns 91,516 shares of the technology company’s stock worth $5,668,000 after buying an additional 811 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Shares of ZG stock opened at $79.20 on Monday. The firm has a market cap of $18.50 billion, a P/E ratio of -138.95, a P/E/G ratio of 10.81 and a beta of 2.09. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $83.67. The business’s 50 day moving average price is $75.56 and its 200-day moving average price is $63.96. 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 posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) earnings per share. On average, equities research analysts anticipate that Zillow Group, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Susquehanna boosted their price objective on Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Robert W. Baird initiated coverage on Zillow Group in a research note on Friday. They set a “neutral” rating and a $88.00 target price for the company. Craig Hallum upped their price target on Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $47.00 price target on shares of Zillow Group in a research report on Monday, October 7th. Finally, DA Davidson increased their price objective on Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.83.

Insiders Place Their Bets

In related news, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the sale, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of Zillow Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the completion of the sale, the chief technology officer now owns 92 shares in the company, valued at approximately $6,659.88. The trade was a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock worth $12,520,379 in the last ninety days. 17.14% of the stock is owned by company 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.