Ieq Capital LLC Has $859,000 Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

Ieq Capital LLC lifted its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,123 shares of the technology company’s stock after buying an additional 566 shares during the quarter. Ieq Capital LLC’s holdings in Zillow Group were worth $859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its stake in 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 purchasing an additional 172 shares in the last quarter. Asset Dedication LLC acquired a new position in Zillow Group in the fourth quarter valued at about $47,000. Versant Capital Management Inc acquired a new position in Zillow Group in the fourth quarter valued at about $72,000. Pinpoint Asset Management Ltd acquired a new position in Zillow Group in the third quarter valued at about $95,000. Finally, Walleye Capital LLC acquired a new position in Zillow Group in the third quarter valued at about $212,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ZG shares. Susquehanna boosted their target price on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. UBS Group boosted their target price on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. DA Davidson boosted their price target on Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Robert W. Baird initiated coverage on Zillow Group in a report on Friday, January 31st. They set a “neutral” rating and a $88.00 price target on the stock. Finally, Cantor Fitzgerald boosted their price target on Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Zillow Group Stock Up 2.8 %

Shares of NASDAQ:ZG opened at $74.72 on Wednesday. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The stock’s 50 day moving average is $75.16 and its 200-day moving average is $67.78. The firm has a market capitalization of $18.12 billion, a price-to-earnings ratio of -158.98, a PEG ratio of 8.90 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In related news, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dan Spaulding sold 4,565 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $86.22, for a total value of $393,594.30. Following the completion of the transaction, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 48,663 shares of company stock valued at $4,004,931. 17.14% of the stock is owned by insiders.

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.