Sterling Capital Management LLC Acquires 1,032 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Sterling Capital Management LLC increased its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 57.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,825 shares of the technology company’s stock after acquiring an additional 1,032 shares during the quarter. Sterling Capital Management LLC’s holdings in Zillow Group were worth $200,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of Zillow Group during the fourth quarter worth approximately $165,326,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Zillow Group by 1,261.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock valued at $18,454,000 after buying an additional 241,331 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after buying an additional 211,482 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Zillow Group during the fourth quarter worth about $14,916,000. Finally, NINE MASTS CAPITAL Ltd raised its holdings in shares of Zillow Group by 47.4% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 163,658 shares of the technology company’s stock worth $11,595,000 after acquiring an additional 52,622 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,919 shares of company stock worth $7,869,478. 17.14% of the stock is owned by company insiders.

Zillow Group Stock Up 0.1 %

NASDAQ ZG opened at $61.49 on Monday. The firm has a market cap of $14.91 billion, a P/E ratio of -130.83, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The company’s 50 day moving average is $69.22 and its 200-day moving average is $70.77. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

ZG has been the subject of a number of recent research reports. Stephens reissued an “overweight” rating and set a $73.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Benchmark upped their target price on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. DA Davidson reissued a “buy” rating and set a $90.00 price target on shares of Zillow Group in a research report on Friday, April 11th. Keefe, Bruyette & Woods raised shares of Zillow Group to a “hold” rating in a research report on Friday, March 28th. Finally, Piper Sandler dropped their target price on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.05.

About Zillow Group

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.