Macquarie Group Ltd. Buys New Shares in Zillow Group, Inc. (NASDAQ:ZG)

Macquarie Group Ltd. bought a new stake in Zillow Group, Inc. (NASDAQ:ZG) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 61,800 shares of the technology company’s stock, valued at approximately $2,701,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SkyView Investment Advisors LLC acquired a new stake in Zillow Group in the first quarter valued at $563,000. JPMorgan Chase & Co. raised its stake in Zillow Group by 429.9% in the first quarter. JPMorgan Chase & Co. now owns 54,460 shares of the technology company’s stock valued at $2,381,000 after buying an additional 44,183 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Zillow Group by 0.4% in the first quarter. Thrivent Financial for Lutherans now owns 142,947 shares of the technology company’s stock valued at $6,247,000 after buying an additional 503 shares in the last quarter. Hook Mill Capital Partners LP raised its stake in Zillow Group by 92.6% in the first quarter. Hook Mill Capital Partners LP now owns 164,662 shares of the technology company’s stock valued at $6,875,000 after buying an additional 79,169 shares in the last quarter. Finally, KB Financial Partners LLC acquired a new stake in Zillow Group in the first quarter valued at $516,000. 18.94% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Shares of ZG opened at $45.83 on Tuesday. Zillow Group, Inc. has a twelve month low of $26.21 and a twelve month high of $55.68. The stock’s 50 day moving average is $51.43 and its two-hundred day moving average is $46.85. The firm has a market capitalization of $10.67 billion, a PE ratio of -59.52 and a beta of 1.75. The company has a current ratio of 10.90, a quick ratio of 10.90 and a debt-to-equity ratio of 0.37.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.21. Zillow Group had a negative return on equity of 2.78% and a negative net margin of 9.61%. The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $473.04 million. Research analysts anticipate that Zillow Group, Inc. will post -0.77 earnings per share for the current year.

Insider Buying and Selling at Zillow Group

In other news, General Counsel Bradley D. Owens sold 961 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $53.72, for a total transaction of $51,624.92. Following the sale, the general counsel now owns 25,911 shares of the company’s stock, valued at approximately $1,391,938.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Errol G. Samuelson sold 5,672 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $53.71, for a total transaction of $304,643.12. Following the sale, the insider now owns 150,455 shares of the company’s stock, valued at approximately $8,080,938.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 961 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $53.72, for a total value of $51,624.92. Following the sale, the general counsel now directly owns 25,911 shares in the company, valued at approximately $1,391,938.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,745 shares of company stock valued at $4,313,262. 17.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on ZG. DA Davidson raised their price target on Zillow Group from $54.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Citigroup lifted their target price on Zillow Group from $60.00 to $65.00 in a research report on Friday, August 4th. Royal Bank of Canada lifted their target price on Zillow Group from $50.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. 22nd Century Group reiterated a “maintains” rating on shares of Zillow Group in a research report on Friday, June 30th. Finally, Barclays lifted their target price on Zillow Group from $30.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and an average price target of $53.11.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.