3,756 Shares in Zillow Group, Inc. (NASDAQ:ZG) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new position in Zillow Group, Inc. (NASDAQ:ZG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,756 shares of the technology company’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZG. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group in the fourth quarter valued at approximately $27,000. Assetmark Inc. raised its position in shares of Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after purchasing an additional 755 shares during the period. Jones Financial Companies Lllp raised its position in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after purchasing an additional 159 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Zillow Group during the fourth quarter worth approximately $63,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Zillow Group during the fourth quarter worth approximately $70,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In other news, CAO Jennifer Rock sold 5,997 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total value of $408,155.82. Following the completion of the transaction, the chief accounting officer now owns 58,320 shares in the company, valued at $3,969,259.20. The trade was a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Erik C. Blachford sold 965 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $70.35, for a total value of $67,887.75. Following the sale, the director now owns 35,474 shares of the company’s stock, valued at approximately $2,495,595.90. This trade represents a 2.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,947 shares of company stock worth $7,199,000. 17.14% of the stock is owned by insiders.

Zillow Group Stock Performance

Shares of ZG stock opened at $69.08 on Monday. The firm has a market cap of $16.68 billion, a P/E ratio of -146.98, a P/E/G ratio of 8.90 and a beta of 2.11. Zillow Group, Inc. has a fifty-two week low of $40.30 and a fifty-two week high of $86.58. The business’s 50 day moving average price is $65.77 and its 200-day moving average price is $71.06.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $587.88 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ZG. Wedbush reiterated an “outperform” rating and set a $90.00 price target (down previously from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. Keefe, Bruyette & Woods upgraded Zillow Group to a “hold” rating in a research note on Friday, March 28th. Piper Sandler raised their target price on Zillow Group from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Benchmark lowered their price target on Zillow Group from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, William Blair initiated coverage on Zillow Group in a report on Monday, April 21st. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

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.