GAMMA Investing LLC Buys Shares of 473 Zillow Group, Inc. (NASDAQ:ZG)

GAMMA Investing LLC purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 473 shares of the technology company’s stock, valued at approximately $26,000.

Other large investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV purchased a new position in Zillow Group during the 4th quarter valued at about $31,000. Pathstone Family Office LLC acquired a new stake in shares of Zillow Group during the third quarter worth about $217,000. New York Life Investment Management LLC purchased a new position in shares of Zillow Group in the third quarter valued at approximately $267,000. International Assets Investment Management LLC grew its holdings in shares of Zillow Group by 96.8% in the fourth quarter. International Assets Investment Management LLC now owns 5,672 shares of the technology company’s stock valued at $322,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in shares of Zillow Group by 5.7% in the third quarter. Rafferty Asset Management LLC now owns 7,647 shares of the technology company’s stock valued at $343,000 after purchasing an additional 414 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total transaction of $178,988.00. Following the transaction, the insider now owns 48,294 shares of the company’s stock, valued at $2,801,052. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Zillow Group news, insider Dan Spaulding sold 3,086 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.00, for a total transaction of $178,988.00. Following the transaction, the insider now directly owns 48,294 shares of the company’s stock, valued at approximately $2,801,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Daimler sold 15,206 shares of Zillow Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of $56.36, for a total transaction of $857,010.16. Following the completion of the transaction, the insider now owns 36,148 shares in the company, valued at $2,037,301.28. The disclosure for this sale can be found here. Insiders sold a total of 171,289 shares of company stock valued at $9,642,508 in the last three months. 17.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Susquehanna raised their price target on shares of Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Canaccord Genuity Group decreased their target price on Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a report on Monday, April 29th. Stephens restated an “overweight” rating and set a $79.00 price target on shares of Zillow Group in a report on Wednesday, February 14th. Royal Bank of Canada reduced their price target on Zillow Group from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Finally, Piper Sandler boosted their price objective on Zillow Group from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.40.

Zillow Group Stock Up 3.2 %

ZG stock opened at $42.36 on Wednesday. The company’s 50 day moving average is $47.02 and its two-hundred day moving average is $47.70. Zillow Group, Inc. has a twelve month low of $33.23 and a twelve month high of $59.23. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.21. The stock has a market cap of $9.89 billion, a P/E ratio of -61.39 and a beta of 1.87.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. Research analysts expect that Zillow Group, Inc. will post -0.18 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.