SG Americas Securities LLC Acquires New Position in Zillow Group, Inc. (NASDAQ:ZG)

SG Americas Securities LLC acquired a new stake in shares of Zillow Group, Inc. (NASDAQ:ZGFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,711 shares of the technology company’s stock, valued at approximately $608,000.

A number of other institutional investors have also modified their holdings of ZG. Envestnet Asset Management Inc. grew its position in shares of Zillow Group by 60.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,527 shares of the technology company’s stock valued at $363,000 after buying an additional 2,837 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Zillow Group by 67.0% during the 1st quarter. JPMorgan Chase & Co. now owns 17,633 shares of the technology company’s stock valued at $850,000 after buying an additional 7,077 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Zillow Group by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 163,472 shares of the technology company’s stock valued at $7,885,000 after buying an additional 1,287 shares during the last quarter. HighTower Advisors LLC boosted its stake in Zillow Group by 10.0% during the 1st quarter. HighTower Advisors LLC now owns 7,096 shares of the technology company’s stock valued at $339,000 after purchasing an additional 644 shares during the period. Finally, Citigroup Inc. boosted its stake in Zillow Group by 61.2% during the 1st quarter. Citigroup Inc. now owns 61,187 shares of the technology company’s stock valued at $2,952,000 after purchasing an additional 23,230 shares during the period. Institutional investors own 20.32% of the company’s stock.

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 4,219 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the completion of the sale, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Errol G. Samuelson sold 4,219 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total transaction of $209,262.40. Following the sale, the insider now owns 168,863 shares in the company, valued at $8,375,604.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeremy Hofmann sold 7,813 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $54.76, for a total transaction of $427,839.88. Following the sale, the chief financial officer now owns 137,347 shares in the company, valued at approximately $7,521,121.72. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock valued at $9,642,508 over the last ninety days. Insiders own 17.14% of the company’s stock.

Zillow Group Stock Up 0.2 %

ZG stock opened at $45.85 on Thursday. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $59.23. The firm has a market cap of $10.70 billion, a PE ratio of -67.43 and a beta of 1.83. The firm has a 50 day simple moving average of $52.32 and a 200 day simple moving average of $47.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24.

Zillow Group (NASDAQ:ZGGet Free Report) last released its earnings results on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. The business had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. Equities research analysts forecast that Zillow Group, Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler boosted their target price on shares of Zillow Group from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Susquehanna boosted their target price on shares of Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Bank of America lowered shares of Zillow Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 10th. Barclays boosted their target price on shares of Zillow Group from $32.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, February 21st. Finally, Benchmark boosted their target price on shares of Zillow Group from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $58.71.

Read Our Latest Report on Zillow Group

Zillow Group Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ZG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:ZGFree Report).

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

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.