Assenagon Asset Management S.A. Has $1.75 Million Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

Assenagon Asset Management S.A. boosted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 28.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,738 shares of the technology company’s stock after acquiring an additional 5,539 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Zillow Group were worth $1,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew 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 buying an additional 421 shares during the period. Creative Planning boosted its stake in Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after acquiring an additional 439 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Zillow Group during the third quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in 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 in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Zillow Group by 4.8% in the third quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock valued at $1,016,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ZG. Canaccord Genuity Group increased their target price on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Piper Sandler lifted their target price on Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $47.00 target price on shares of Zillow Group in a research note on Monday, October 7th. DA Davidson raised their price target on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, UBS Group boosted their price objective on shares of Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Insider Buying and Selling at Zillow Group

In other news, insider Susan Daimler sold 3,694 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the transaction, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $89,663.76. Following the completion of the sale, the general counsel now owns 31,739 shares in the company, valued at approximately $2,348,051.22. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,689 shares of company stock worth $10,395,879 over the last three months. Company insiders own 17.14% of the company’s stock.

Zillow Group Stock Performance

Shares of ZG opened at $76.77 on Friday. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $83.67. The stock’s 50-day simple moving average is $75.00 and its 200 day simple moving average is $62.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The stock has a market capitalization of $17.93 billion, a price-to-earnings ratio of -134.68, a price-to-earnings-growth ratio of 12.84 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same quarter last year, the company posted ($0.12) EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Research analysts forecast that Zillow Group, Inc. will post -0.36 EPS for the current fiscal year.

Zillow Group Company 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.