Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP trimmed its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 64.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,957 shares of the technology company’s stock after selling 70,886 shares during the quarter. Zillow Group makes up approximately 1.3% of Tabor Asset Management LP’s investment portfolio, making the stock its 28th largest position. Tabor Asset Management LP’s holdings in Zillow Group were worth $2,760,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group during the 4th quarter worth $27,000. Blue Trust Inc. raised its position in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares during the last quarter. Asset Dedication LLC purchased a new position in shares of Zillow Group in the fourth quarter worth about $47,000. Assetmark Inc. lifted its stake in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after buying an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after acquiring an additional 159 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

Shares of ZG stock opened at $68.76 on Monday. Zillow Group, Inc. has a 1-year low of $38.40 and a 1-year high of $86.58. The firm has a market cap of $16.68 billion, a PE ratio of -146.30, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The company has a 50-day moving average of $66.00 and a two-hundred day moving average of $71.70.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The company had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $587.88 million. During the same period in the previous year, the business posted $0.36 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Jun Choo sold 55,000 shares of the company’s 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 sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. This represents a 38.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeremy Wacksman sold 10,984 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $757,676.32. Following the completion of the sale, the chief executive officer now owns 171,517 shares in the company, valued at approximately $11,831,242.66. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,741 shares of company stock worth $11,414,034 over the last ninety days. Corporate insiders own 17.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZG. Bank of America increased their price objective on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. UBS Group cut their price target on Zillow Group from $98.00 to $85.00 and set a “buy” rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods upgraded Zillow Group to a “hold” rating in a research report on Friday, March 28th. Benchmark dropped their target price on Zillow Group from $110.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group cut their target price on Zillow Group from $77.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

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.