Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its stake in Zillow Group, Inc. (NASDAQ:ZG) by 2.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,542 shares of the technology company’s stock after purchasing an additional 360 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Zillow Group were worth $882,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Creative Financial Designs Inc. ADV purchased a new position in shares of Zillow Group in the fourth quarter valued at approximately $31,000. PNC Financial Services Group Inc. raised its holdings in Zillow Group by 69.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company’s stock valued at $53,000 after acquiring an additional 441 shares in the last quarter. CWM LLC raised its holdings in Zillow Group by 100.0% in the third quarter. CWM LLC now owns 1,222 shares of the technology company’s stock valued at $55,000 after acquiring an additional 611 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in Zillow Group in the second quarter valued at approximately $70,000. Finally, Tyler Stone Wealth Management acquired a new stake in Zillow Group in the second quarter valued at approximately $89,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZG. Bank of America cut shares of Zillow Group from a “buy” rating to a “neutral” rating in a report on Wednesday, January 10th. Benchmark raised their target price on shares of Zillow Group from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Barclays raised their target price on shares of Zillow Group from $32.00 to $40.00 and gave the company an “underweight” rating in a report on Wednesday, February 21st. Susquehanna raised their price objective on shares of Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, Stephens reissued an “overweight” rating and set a $79.00 price objective on shares of Zillow Group in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $58.79.

Insider Activity

In related news, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the transaction, the insider now directly owns 168,863 shares in the company, valued at approximately $8,375,604.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $49.60, for a total value of $209,262.40. Following the transaction, the insider now directly owns 168,863 shares in the company, valued at approximately $8,375,604.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeremy Hofmann sold 7,813 shares of Zillow Group stock in a transaction 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 completion of the transaction, the chief financial officer now owns 137,347 shares in the company, valued at $7,521,121.72. The disclosure for this sale can be found here. Insiders have sold 171,289 shares of company stock valued at $9,642,508 in the last ninety days. 17.14% of the stock is currently owned by company insiders.

Zillow Group Stock Performance

Shares of Zillow Group stock opened at $42.41 on Tuesday. The firm’s fifty day simple moving average is $50.68 and its 200-day simple moving average is $47.71. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of -62.37 and a beta of 1.83. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $59.23. 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:ZG) last announced its earnings results on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The business had revenue of $474.00 million for the quarter, compared to analysts’ expectations of $450.75 million. Zillow Group had a negative net margin of 8.12% and a negative return on equity of 2.32%. As a group, equities analysts forecast that Zillow Group, Inc. will post -0.15 earnings per share for the current 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.