Atria Investments Inc Makes New $231,000 Investment in Zillow Group, Inc. (NASDAQ:ZG)

Atria Investments Inc bought a new stake in Zillow Group, Inc. (NASDAQ:ZG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,722 shares of the technology company’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ZG. Future Financial Wealth Managment LLC acquired a new position in Zillow Group during the 3rd quarter worth approximately $29,000. EntryPoint Capital LLC acquired a new position in shares of Zillow Group during the first quarter worth $53,000. Signaturefd LLC boosted its stake 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 valued at $71,000 after purchasing an additional 360 shares during the period. GAMMA Investing LLC grew its holdings in Zillow Group by 86.7% during 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. Finally, Maryland State Retirement & Pension System purchased a new stake in Zillow Group during the 2nd quarter worth $202,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Stock Performance

NASDAQ:ZG opened at $80.79 on Friday. The company has a 50-day moving average of $63.67 and a 200-day moving average of $52.80. The firm has a market cap of $18.87 billion, a price-to-earnings ratio of -141.74 and a beta of 2.02. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $81.74.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company posted ($0.12) EPS. Analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on ZG. Evercore ISI lifted their price objective on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Citigroup lifted their price target on Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Canaccord Genuity Group increased their target price on Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Benchmark lifted their target price on Zillow Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada upped their price target on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $68.18.

Insider Activity at Zillow Group

In other Zillow Group news, COO Jun Choo sold 10,000 shares of Zillow Group stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the completion of the sale, the chief operating officer now owns 88,130 shares of the company’s stock, valued at $6,618,563. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total transaction of $235,838.00. Following the completion of the transaction, the chief accounting officer now directly owns 69,649 shares in the company, valued at $5,154,026. This trade represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 160,419 shares of company stock valued at $11,371,413. Company insiders own 17.14% of the company’s stock.

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.