River & Mercantile Asset Management LLP Makes New Investment in Zillow Group, Inc. (NASDAQ:ZG)

River & Mercantile Asset Management LLP bought a new position in shares of Zillow Group, Inc. (NASDAQ:ZG – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,780 shares of the technology company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ZG. Wipfli Financial Advisors LLC acquired a new stake in shares of Zillow Group in the 3rd quarter worth about $29,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Zillow Group in the 3rd quarter worth about $37,000. PNC Financial Services Group Inc. increased its holdings in shares of Zillow Group by 69.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company’s stock worth $53,000 after acquiring an additional 441 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Zillow Group in the 2nd quarter worth about $78,000. Finally, Prudential PLC acquired a new stake in shares of Zillow Group in the 1st quarter worth about $144,000. 20.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America raised shares of Zillow Group from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $22.00 to $42.00 in a report on Monday, January 9th. DA Davidson raised their target price on shares of Zillow Group from $41.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Sanford C. Bernstein raised their target price on shares of Zillow Group from $30.00 to $35.00 and gave the company an “underperform” rating in a research note on Thursday, February 16th. Benchmark reissued a “buy” rating and set a $52.00 target price on shares of Zillow Group in a research note on Wednesday, February 15th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Zillow Group in a research note on Monday, February 27th. They set an “overweight” rating and a $48.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.30.

Zillow Group Stock Performance

Shares of ZG opened at $40.85 on Friday. Zillow Group, Inc. has a one year low of $26.21 and a one year high of $55.86. The company has a 50-day moving average of $41.98 and a two-hundred day moving average of $36.07. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of -90.73, a PEG ratio of 65.60 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 13.34 and a quick ratio of 13.34.

Zillow Group (NASDAQ:ZG – Get Rating) last posted its quarterly earnings results on Wednesday, February 15th. The technology company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.04. The business had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $414.39 million. Zillow Group had a negative net margin of 1.63% and a negative return on equity of 0.54%. On average, equities research analysts expect that Zillow Group, Inc. will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Susan Daimler sold 4,103 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $46.36, for a total transaction of $190,215.08. Following the completion of the sale, the insider now directly owns 28,486 shares in the company, valued at $1,320,610.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Susan Daimler sold 4,103 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $46.36, for a total transaction of $190,215.08. Following the transaction, the insider now owns 28,486 shares of the company’s stock, valued at $1,320,610.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Allen Parker sold 3,851 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $46.35, for a total transaction of $178,493.85. Following the transaction, the chief financial officer now directly owns 157,117 shares in the company, valued at approximately $7,282,372.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,837 shares of company stock worth $1,910,195. 18.52% of the stock is owned by company insiders.

Zillow Group Profile

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Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.