L & S Advisors Inc Buys Shares of 25,500 Zillow Group, Inc. (NASDAQ:ZG)

L & S Advisors Inc purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,500 shares of the technology company’s stock, valued at approximately $1,579,000.

Several other large investors have also modified their holdings of ZG. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Zillow Group in the 3rd quarter valued at $774,000. Thrivent Financial for Lutherans raised its stake in shares of Zillow Group by 93.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 142,917 shares of the technology company’s stock valued at $8,851,000 after acquiring an additional 68,984 shares during the period. Hartline Investment Corp raised its stake in shares of Zillow Group by 6.7% in the 3rd quarter. Hartline Investment Corp now owns 62,537 shares of the technology company’s stock valued at $3,873,000 after acquiring an additional 3,942 shares during the period. Baillie Gifford & Co. raised its stake in shares of Zillow Group by 0.9% in the 3rd quarter. Baillie Gifford & Co. now owns 91,516 shares of the technology company’s stock valued at $5,668,000 after acquiring an additional 811 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of Zillow Group by 207.2% in the 3rd quarter. GSA Capital Partners LLP now owns 15,248 shares of the technology company’s stock valued at $944,000 after acquiring an additional 10,285 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In other news, insider Susan Daimler sold 3,484 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total transaction of $188,763.12. Following the completion of the transaction, the insider now directly owns 22,464 shares of the company’s stock, valued at approximately $1,217,099.52. This trade represents a 13.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Bohutinsky sold 20,625 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. The trade was a 78.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 160,419 shares of company stock valued at $11,371,413 in the last ninety days. Company insiders own 17.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZG. Canaccord Genuity Group boosted their target price on shares of Zillow Group from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Benchmark boosted their target price on shares of Zillow Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Craig Hallum boosted their price target on shares of Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays boosted their price target on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.18.

Zillow Group Price Performance

NASDAQ:ZG opened at $78.93 on Friday. Zillow Group, Inc. has a 1 year low of $37.34 and a 1 year high of $79.75. The firm’s fifty day simple moving average is $63.21 and its 200 day simple moving average is $52.46. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The business had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. During the same period last year, the business posted ($0.12) EPS. Zillow Group’s revenue was up 17.1% compared to the same quarter last year. As a group, sell-side analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

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.