International Assets Investment Management LLC Has $322,000 Stake in Zillow Group, Inc. (NASDAQ:ZG)

International Assets Investment Management LLC boosted its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 96.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,672 shares of the technology company’s stock after purchasing an additional 2,790 shares during the period. International Assets Investment Management LLC’s holdings in Zillow Group were worth $322,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZG. Creative Financial Designs Inc. ADV acquired a new stake in shares of Zillow Group in the 4th quarter valued at $31,000. CWM LLC increased its stake in shares of Zillow Group by 100.0% in the 3rd quarter. CWM LLC now owns 1,222 shares of the technology company’s stock valued at $55,000 after buying an additional 611 shares during the period. AtonRa Partners acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $206,000. Pathstone Family Office LLC acquired a new stake in shares of Zillow Group in the 3rd quarter valued at $217,000. Finally, New York Life Investment Management LLC bought a new position in shares of Zillow Group in the 3rd quarter worth $267,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Performance

ZG opened at $43.13 on Friday. Zillow Group, Inc. has a 52-week low of $33.23 and a 52-week high of $59.23. The firm has a market capitalization of $10.07 billion, a PE ratio of -63.43 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. The business’s 50-day simple moving average is $48.69 and its 200 day simple moving average is $47.59.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $66.00 target price on shares of Zillow Group in a report on Tuesday, March 5th. Bank of America lowered Zillow Group from a “buy” rating to a “neutral” rating in a report on Wednesday, January 10th. Barclays lifted their target price on Zillow Group from $32.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday, February 21st. Piper Sandler lifted their target price on Zillow Group from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Finally, Benchmark boosted their price target on Zillow Group from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One 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’s stock. According to data from MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $58.79.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value 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 filing with the Securities & Exchange Commission, which is available through this link. In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dan Spaulding sold 3,086 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the sale, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,289 shares of company stock worth $9,642,508. Corporate insiders own 17.14% of the company’s stock.

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.