ABC Arbitrage SA Invests $1.27 Million in Zillow Group, Inc. (NASDAQ:ZG)

ABC Arbitrage SA acquired a new position in shares of Zillow Group, Inc. (NASDAQ:ZG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,849 shares of the technology company’s stock, valued at approximately $1,265,000.

Several other institutional investors also recently modified their holdings of the company. Cynosure Group LLC bought a new position in shares of Zillow Group during the 3rd quarter worth approximately $12,248,000. Mirabella Financial Services LLP bought a new position in shares of Zillow Group during the 3rd quarter worth approximately $11,351,000. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of Zillow Group during the 3rd quarter worth approximately $9,813,000. Virtu Financial LLC lifted its position in shares of Zillow Group by 132.1% during the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after buying an additional 118,830 shares during the period. Finally, CreativeOne Wealth LLC lifted its position in shares of Zillow Group by 164.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock worth $11,129,000 after buying an additional 111,743 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

Insider Buying and Selling

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,838 shares of company stock valued at $6,619,079 over the last three months. Company insiders own 17.14% of the company’s stock.

Zillow Group Stock Up 2.0 %

Shares of Zillow Group stock opened at $76.89 on Friday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The business has a fifty day simple moving average of $75.58 and a 200 day simple moving average of $66.12. The stock has a market cap of $17.96 billion, a PE ratio of -134.89, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Research analysts predict that Zillow Group, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ZG. Cantor Fitzgerald lifted their price objective on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday. Canaccord Genuity Group lifted their price objective on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Robert W. Baird began coverage on Zillow Group in a research report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective for the company. Baird R W upgraded Zillow Group to a “hold” rating in a research report on Friday, January 31st. Finally, Susquehanna lifted their price objective on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and an average target price of $83.00.

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.