20,063 Shares in Zillow Group, Inc. $ZG Purchased by MFG Wealth Management Inc.

MFG Wealth Management Inc. purchased a new position in shares of Zillow Group, Inc. (NASDAQ:ZG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,063 shares of the technology company’s stock, valued at approximately $1,493,000.

Other hedge funds also recently made changes to their positions in the company. Aaron Wealth Advisors LLC acquired a new position in shares of Zillow Group during the 3rd quarter worth approximately $258,000. Corient Private Wealth LLC bought a new position in Zillow Group during the second quarter worth $263,000. Osaic Holdings Inc. boosted its position in Zillow Group by 8.5% during the second quarter. Osaic Holdings Inc. now owns 3,966 shares of the technology company’s stock worth $271,000 after purchasing an additional 310 shares during the period. Winslow Asset Management Inc. increased its holdings in shares of Zillow Group by 18.2% in the second quarter. Winslow Asset Management Inc. now owns 7,475 shares of the technology company’s stock valued at $512,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new position in shares of Zillow Group in the second quarter valued at about $252,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In other news, insider Dan Spaulding sold 5,455 shares of Zillow Group stock in a transaction on Friday, November 14th. The stock was sold at an average price of $69.40, for a total value of $378,577.00. Following the transaction, the insider owned 50,342 shares in the company, valued at approximately $3,493,734.80. This trade represents a 9.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 3,893 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $71.12, for a total value of $276,870.16. Following the sale, the chief technology officer owned 140,656 shares of the company’s stock, valued at approximately $10,003,454.72. This represents a 2.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 67,511 shares of company stock valued at $4,766,357. 17.14% of the stock is currently owned by insiders.

Zillow Group Stock Down 1.4%

ZG opened at $66.59 on Friday. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of -475.61, a P/E/G ratio of 26.56 and a beta of 2.06. Zillow Group, Inc. has a twelve month low of $56.63 and a twelve month high of $90.22. The company has a 50-day simple moving average of $70.54 and a 200 day simple moving average of $73.94.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Thursday, October 30th. The technology company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The firm had revenue of $676.00 million during the quarter, compared to analyst estimates of $670.28 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Zillow Group’s quarterly revenue was up 16.4% compared to the same quarter last year. Sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZG. Wells Fargo & Company reduced their target price on shares of Zillow Group from $75.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday, September 11th. Oppenheimer initiated coverage on shares of Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating for the company. Susquehanna decreased their target price on Zillow Group from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Zillow Group in a research note on Monday. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $74.00 price target on shares of Zillow Group in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.09.

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.