Zillow Group, Inc. (NASDAQ:ZG) Holdings Raised by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in Zillow Group, Inc. (NASDAQ:ZG) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,810 shares of the technology company’s stock after purchasing an additional 1,467 shares during the quarter. Cibc World Markets Corp’s holdings in Zillow Group were worth $1,120,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. L & S Advisors Inc acquired a new position in shares of Zillow Group during the 3rd quarter valued at $1,579,000. Mirabella Financial Services LLP acquired a new position in Zillow Group during the third quarter worth about $11,351,000. JPMorgan Chase & Co. raised its position in Zillow Group by 155.4% in the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after acquiring an additional 20,238 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Zillow Group by 28.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after acquiring an additional 5,539 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Zillow Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after purchasing an additional 32,766 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. KeyCorp cut their target price on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday. Evercore ISI increased their price objective on 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 restated an “outperform” rating and issued a $88.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Cantor Fitzgerald upped their target price on Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Citigroup increased their price target on Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

Insider Activity

In related news, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,065 shares of company stock worth $7,660,165. 17.14% of the stock is owned by corporate insiders.

Zillow Group Trading Up 0.7 %

ZG opened at $69.78 on Friday. The stock has a fifty day moving average price of $74.99 and a 200 day moving average price of $69.83. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $86.58. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of -148.47, a PEG ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last released 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 2.12% and a negative net margin of 5.01%. As a group, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.