Zillow Group, Inc. (NASDAQ:ZG) Short Interest Update

Zillow Group, Inc. (NASDAQ:ZG) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 876,700 shares, an increase of 23.9% from the January 31st total of 707,600 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 508,000 shares, the short-interest ratio is currently 1.7 days.

Zillow Group Stock Performance

Shares of NASDAQ:ZG opened at $72.79 on Wednesday. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of -154.87, a PEG ratio of 8.90 and a beta of 2.33. Zillow Group has a 1-year low of $38.06 and a 1-year high of $86.58. The company has a 50 day moving average price of $75.25 and a 200 day moving average price of $68.43.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, sell-side analysts expect that Zillow Group will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZG. Craig Hallum raised their price target on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. KeyCorp upgraded shares of Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 price target on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group raised their price target on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays raised their price target on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, Piper Sandler dropped their price target on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.00.

Insider Buying and Selling at Zillow Group

In related news, CTO David A. Beitel sold 2,025 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the sale, the chief technology officer now owns 151,046 shares in the company, valued at $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the sale, the insider now owns 127,467 shares in the company, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,098 shares of company stock valued at $7,911,237 in the last ninety days. Insiders own 17.14% of the company’s stock.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning grew its holdings in shares of Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after acquiring an additional 439 shares in the last quarter. Atria Investments Inc purchased a new position in shares of Zillow Group during the 3rd quarter valued at $231,000. River Global Investors LLP grew its holdings in shares of Zillow Group by 4.1% during the 3rd quarter. River Global Investors LLP now owns 40,219 shares of the technology company’s stock valued at $2,492,000 after acquiring an additional 1,571 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Zillow Group by 207.2% during the 3rd quarter. GSA Capital Partners LLP now owns 15,248 shares of the technology company’s stock valued at $944,000 after acquiring an additional 10,285 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in shares of Zillow Group by 0.9% during the 3rd quarter. Baillie Gifford & Co. now owns 91,516 shares of the technology company’s stock valued at $5,668,000 after acquiring an additional 811 shares in the last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

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.