Great Lakes Advisors LLC Boosts Position in Zillow Group, Inc. (NASDAQ:ZG)

Great Lakes Advisors LLC boosted its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 228,934 shares of the technology company’s stock after buying an additional 6,319 shares during the period. Great Lakes Advisors LLC owned approximately 0.10% of Zillow Group worth $16,220,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC grew its position in Zillow Group by 59.1% in the fourth quarter. HighTower Advisors LLC now owns 8,995 shares of the technology company’s stock valued at $637,000 after acquiring an additional 3,341 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Zillow Group in the fourth quarter valued at approximately $63,000. AlphaQuest LLC grew its position in Zillow Group by 75,860.0% in the fourth quarter. AlphaQuest LLC now owns 7,596 shares of the technology company’s stock valued at $538,000 after acquiring an additional 7,586 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in Zillow Group in the fourth quarter valued at approximately $992,000. Finally, Raymond James Financial Inc. acquired a new stake in Zillow Group in the fourth quarter valued at approximately $14,916,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Up 2.2 %

NASDAQ:ZG opened at $69.91 on Thursday. The business’s 50-day moving average price is $75.16 and its 200 day moving average price is $69.25. The firm has a market cap of $16.96 billion, a P/E ratio of -148.74, a PEG ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58.

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

Insider Buying and Selling

In related news, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction dated Thursday, February 27th. The stock was 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 in the company, valued at $6,790,167.54. This represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock valued at $7,660,165 over the last three months. Company insiders own 17.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ZG has been the subject of several recent research reports. Evercore ISI increased their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada reissued an “outperform” rating and set a $88.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. DA Davidson raised their price target on shares of Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Citigroup raised their price target on shares of Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group raised their price target on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average 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.