TD Asset Management Inc Invests $262,000 in Zillow Group, Inc. $ZG

TD Asset Management Inc purchased a new position in Zillow Group, Inc. (NASDAQ:ZG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,830 shares of the technology company’s stock, valued at approximately $262,000.

Other hedge funds have also recently made changes to their positions in the company. National Bank of Canada FI boosted its position in shares of Zillow Group by 79.4% in the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock worth $33,000 after purchasing an additional 216 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Zillow Group by 33.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock worth $75,000 after purchasing an additional 280 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Zillow Group by 38.0% in the 1st quarter. GAMMA Investing LLC now owns 1,828 shares of the technology company’s stock worth $122,000 after purchasing an additional 503 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Zillow Group by 22.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,312 shares of the technology company’s stock worth $221,000 after purchasing an additional 600 shares in the last quarter. Finally, Wealthquest Corp bought a new stake in shares of Zillow Group in the 1st quarter worth approximately $238,000. 20.32% of the stock is owned by institutional investors.

Zillow Group Trading Up 0.8%

Shares of ZG opened at $74.58 on Friday. The firm has a market cap of $18.07 billion, a PE ratio of -286.85, a P/E/G ratio of 25.30 and a beta of 2.11. The firm has a fifty day simple moving average of $77.80 and a two-hundred day simple moving average of $72.31. Zillow Group, Inc. has a 1-year low of $55.08 and a 1-year high of $90.22.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). The company had revenue of $655.00 million for the quarter, compared to analysts’ expectations of $647.06 million. Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. Zillow Group’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZG has been the topic of a number of analyst reports. Gordon Haskett raised Zillow Group from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, October 3rd. DA Davidson reissued a “buy” rating and issued a $95.00 price target on shares of Zillow Group in a research report on Thursday, October 2nd. Barclays restated an “underweight” rating and issued a $66.00 price objective (up from $60.00) on shares of Zillow Group in a report on Thursday, August 7th. Susquehanna restated a “neutral” rating on shares of Zillow Group in a report on Friday, August 8th. Finally, Canaccord Genuity Group boosted their price objective on shares of Zillow Group from $76.00 to $84.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.92.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, Director Erik C. Blachford sold 966 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $81.91, for a total transaction of $79,125.06. Following the completion of the sale, the director directly owned 34,508 shares in the company, valued at approximately $2,826,550.28. The trade was a 2.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jun Choo sold 25,575 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $91.06, for a total transaction of $2,328,859.50. Following the sale, the chief operating officer owned 114,129 shares of the company’s stock, valued at approximately $10,392,586.74. This represents a 18.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 657,087 shares of company stock worth $56,286,479. 17.14% of the stock is owned by corporate insiders.

Zillow Group 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.