Tybourne Capital Management HK Ltd. Boosts Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Tybourne Capital Management HK Ltd. lifted its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 97.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,861 shares of the technology company’s stock after buying an additional 39,908 shares during the quarter. Zillow Group makes up about 1.4% of Tybourne Capital Management HK Ltd.’s portfolio, making the stock its 19th biggest position. Tybourne Capital Management HK Ltd.’s holdings in Zillow Group were worth $5,729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Zillow Group in the 4th quarter valued at $27,000. Blue Trust Inc. raised its position in shares of Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Asset Dedication LLC purchased a new position in shares of Zillow Group in the fourth quarter worth $47,000. Assetmark Inc. lifted its position in Zillow Group by 18,875.0% during the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after acquiring an additional 755 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after purchasing an additional 159 shares during the period. 20.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Cantor Fitzgerald raised their target price on Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Stephens reissued an “overweight” rating and set a $73.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Wells Fargo & Company started coverage on shares of Zillow Group in a research note on Monday, April 28th. They issued a “mixed” rating and a $62.00 price target on the stock. Wedbush reissued an “outperform” rating and issued a $90.00 price objective (down previously from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. Finally, Evercore ISI lifted their target price on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Zillow Group Price Performance

NASDAQ ZG opened at $68.76 on Monday. The company has a market cap of $16.68 billion, a P/E ratio of -146.30, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58. The company has a 50-day moving average of $66.00 and a 200-day moving average of $71.70.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The firm had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $587.88 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,997 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $68.06, for a total value of $408,155.82. Following the transaction, the chief accounting officer now directly owns 58,320 shares of the company’s stock, valued at $3,969,259.20. This represents a 9.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Errol G. Samuelson sold 2,854 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the sale, the insider now directly owns 142,636 shares of the company’s stock, valued at $10,460,924.24. The trade was a 1.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,741 shares of company stock valued at $11,414,034 over the last three months. 17.14% of the stock is owned by company 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.