Kestra Private Wealth Services LLC Acquires Shares of 3,990 Zillow Group, Inc. (NASDAQ:ZG)

Kestra Private Wealth Services LLC bought a new position in Zillow Group, Inc. (NASDAQ:ZG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,990 shares of the technology company’s stock, valued at approximately $226,000.

A number of other large investors have also modified their holdings of the stock. Commonwealth Equity Services LLC lifted its position in Zillow Group by 33.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,003 shares of the technology company’s stock worth $403,000 after acquiring an additional 2,237 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Zillow Group by 215.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 9,252 shares of the technology company’s stock valued at $414,000 after purchasing an additional 6,320 shares during the period. Aubrey Capital Management Ltd lifted its position in shares of Zillow Group by 16.4% during the third quarter. Aubrey Capital Management Ltd now owns 61,123 shares of the technology company’s stock worth $2,738,000 after purchasing an additional 8,600 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Zillow Group in the third quarter valued at $873,000. Finally, Avitas Wealth Management LLC acquired a new stake in Zillow Group during the 3rd quarter valued at $612,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ZG. Susquehanna upped their price objective on shares of Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Craig Hallum lowered their price objective on Zillow Group from $65.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Stephens reaffirmed an “overweight” rating and issued a $79.00 target price on shares of Zillow Group in a research report on Wednesday, February 14th. Barclays decreased their price target on shares of Zillow Group from $40.00 to $35.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.40.

Insiders Place Their Bets

In other news, insider Dan Spaulding sold 3,086 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $178,988.00. Following the completion of the transaction, the insider now owns 48,294 shares of the company’s stock, valued at $2,801,052. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Zillow Group news, CAO Jennifer Rock sold 7,352 shares of Zillow Group stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $57.29, for a total transaction of $421,196.08. Following the sale, the chief accounting officer now owns 56,384 shares of the company’s stock, valued at approximately $3,230,239.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dan Spaulding sold 3,086 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the transaction, the insider now owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The disclosure for this sale can be found here. Insiders have sold 171,289 shares of company stock valued at $9,642,508 over the last three months. Company insiders own 17.14% of the company’s stock.

Zillow Group Trading Up 3.0 %

NASDAQ ZG opened at $42.46 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. Zillow Group, Inc. has a one year low of $33.23 and a one year high of $59.23. The company has a 50-day simple moving average of $46.55 and a 200-day simple moving average of $47.62. The firm has a market capitalization of $9.91 billion, a PE ratio of -61.54 and a beta of 1.87.

Zillow Group (NASDAQ:ZG) last posted 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. The company had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. On average, equities analysts forecast that Zillow Group, Inc. will post -0.18 earnings per share for the current year.

Zillow Group 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.