B. Metzler seel. Sohn & Co. Holding AG Acquires New Shares in Zillow Group, Inc. (NASDAQ:ZG)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Zillow Group, Inc. (NASDAQ:ZG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,500 shares of the technology company’s stock, valued at approximately $774,000.

Several other institutional investors also recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Zillow Group in the 3rd quarter valued at $29,000. EntryPoint Capital LLC acquired a new position in Zillow Group in the first quarter valued at about $53,000. Signaturefd LLC increased its holdings in shares of Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares during the period. Finally, Maryland State Retirement & Pension System bought a new position in shares of Zillow Group during the 2nd quarter valued at about $202,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on ZG shares. Evercore ISI raised their target price on shares of Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Susquehanna increased their price objective on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Canaccord Genuity Group boosted their price objective on shares of Zillow Group from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Craig Hallum increased their target price on Zillow Group from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their price target on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.18.

Insider Buying and Selling at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. This trade represents a 78.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 7,155 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total value of $407,047.95. Following the completion of the sale, the chief financial officer now owns 111,239 shares of the company’s stock, valued at $6,328,386.71. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 160,419 shares of company stock valued at $11,371,413 in the last quarter. 17.14% of the stock is currently owned by insiders.

Zillow Group Stock Up 1.9 %

Zillow Group stock opened at $80.79 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The company’s 50-day moving average is $63.67 and its 200-day moving average is $52.80. The firm has a market capitalization of $18.87 billion, a PE ratio of -141.74 and a beta of 2.02. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $81.74.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The business’s revenue was up 17.1% compared to the same quarter last year. Sell-side analysts anticipate that Zillow Group, Inc. will post -0.33 earnings per share for the current 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.