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

Wealth Enhancement Advisory Services LLC increased its position in Zillow Group, Inc. (NASDAQ:ZG) by 60.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,044 shares of the technology company’s stock after purchasing an additional 2,288 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Zillow Group were worth $404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in Zillow Group during the 4th quarter valued at approximately $27,000. Salem Investment Counselors Inc. acquired a new stake in shares of Zillow Group in the 1st quarter worth approximately $42,000. CX Institutional acquired a new stake in shares of Zillow Group in the 1st quarter worth approximately $46,000. Assetmark Inc. grew its holdings in Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after buying an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after buying an additional 159 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. William Blair began coverage on Zillow Group in a research note on Monday, April 21st. They set a “market perform” rating on the stock. Piper Sandler raised their price objective on Zillow Group from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Citigroup cut their price objective on Zillow Group from $98.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Barclays dropped their target price on Zillow Group from $64.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, May 8th. Finally, KeyCorp dropped their target price on Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.80.

Zillow Group Stock Performance

NASDAQ ZG opened at $70.39 on Monday. The stock has a market capitalization of $17.00 billion, a P/E ratio of -207.04, a P/E/G ratio of 12.99 and a beta of 2.09. Zillow Group, Inc. has a 1 year low of $40.30 and a 1 year high of $86.58. The business’s fifty day moving average is $67.51 and its two-hundred day moving average is $70.01.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data 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 return on equity of 1.62% and a negative net margin of 3.51%. The firm had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $587.88 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, research analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, Director Gordon Sheridan Stephenson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $70.69, for a total transaction of $706,900.00. Following the completion of the sale, the director directly owned 28,290 shares in the company, valued at $1,999,820.10. This represents a 26.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Errol G. Samuelson sold 6,962 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $68.63, for a total transaction of $477,802.06. Following the completion of the sale, the insider owned 135,674 shares of the company’s stock, valued at approximately $9,311,306.62. The trade was a 4.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,093 shares of company stock worth $6,989,688 over the last 90 days. 17.14% of the stock is currently owned by insiders.

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.