Daiwa Securities Group Inc. Has $165,000 Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

Daiwa Securities Group Inc. decreased its stake in shares of Zillow Group, Inc. (NASDAQ:ZGGet Rating) by 20.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,416 shares of the technology company’s stock after selling 883 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Zillow Group were worth $165,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ZG. Chicago Capital LLC increased its holdings in shares of Zillow Group by 1,445.7% during the 1st quarter. Chicago Capital LLC now owns 326,829 shares of the technology company’s stock worth $15,763,000 after acquiring an additional 305,684 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Zillow Group by 79.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 442,304 shares of the technology company’s stock worth $27,520,000 after acquiring an additional 196,003 shares during the last quarter. Ashe Capital Management LP acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $11,746,000. Geode Capital Management LLC increased its holdings in shares of Zillow Group by 24.4% during the 4th quarter. Geode Capital Management LLC now owns 940,053 shares of the technology company’s stock worth $58,410,000 after acquiring an additional 184,507 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Zillow Group by 471.6% during the 4th quarter. Alliancebernstein L.P. now owns 171,011 shares of the technology company’s stock worth $10,640,000 after acquiring an additional 141,092 shares during the last quarter. 20.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ZG shares. Sanford C. Bernstein started coverage on Zillow Group in a report on Monday, May 23rd. They set an “underperform” rating and a $34.00 target price on the stock. The Goldman Sachs Group initiated coverage on Zillow Group in a research note on Wednesday, March 30th. They issued a “neutral” rating and a $57.00 price target for the company. JMP Securities restated a “mkt perform” rating on shares of Zillow Group in a research note on Thursday, June 9th. Benchmark reduced their price target on Zillow Group from $115.00 to $65.00 in a research note on Friday, May 6th. Finally, Royal Bank of Canada reduced their price target on Zillow Group from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, April 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has an average rating of “Hold” and an average price target of $69.13.

Zillow Group Price Performance

Zillow Group stock opened at $35.79 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.57 and a current ratio of 3.98. Zillow Group, Inc. has a 52 week low of $28.76 and a 52 week high of $114.07. The stock has a market capitalization of $8.82 billion, a P/E ratio of -16.12 and a beta of 1.54. The stock has a fifty day moving average of $35.93 and a 200-day moving average of $44.50.

Zillow Group (NASDAQ:ZGGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.26. Zillow Group had a negative return on equity of 7.61% and a negative net margin of 5.04%. The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. Zillow Group’s revenue was up 249.5% on a year-over-year basis. On average, sell-side analysts expect that Zillow Group, Inc. will post 0.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, COO Jeremy Wacksman sold 4,785 shares of the company’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $35.00, for a total value of $167,475.00. Following the completion of the transaction, the chief operating officer now owns 43,132 shares of the company’s stock, valued at approximately $1,509,620. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Dan Spaulding sold 4,000 shares of the stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $43.21, for a total value of $172,840.00. Following the completion of the sale, the insider now owns 18,765 shares of the company’s stock, valued at $810,835.65. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeremy Wacksman sold 4,785 shares of the stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $35.00, for a total value of $167,475.00. Following the completion of the sale, the chief operating officer now directly owns 43,132 shares of the company’s stock, valued at approximately $1,509,620. The disclosure for this sale can be found here. Insiders sold a total of 28,641 shares of company stock valued at $1,146,023 in the last 90 days. Corporate insiders own 18.52% of the company’s stock.

Zillow Group Profile

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Zillow Group, Inc, a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:ZG)

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