Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Capula Management Ltd

Capula Management Ltd grew its stake in Zillow Group, Inc. (NASDAQ:ZG) by 42.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,576 shares of the technology company’s stock after purchasing an additional 13,960 shares during the quarter. Capula Management Ltd’s holdings in Zillow Group were worth $3,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ZG. Pilgrim Partners Asia Pte Ltd acquired a new position in 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 fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $47,000. Assetmark Inc. lifted its stake in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after buying an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in 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 acquiring an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were 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. This represents a 1.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock worth $7,869,478 in the last three months. 17.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a “hold” rating in a report on Friday, March 28th. Bank of America increased their price target on Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Benchmark boosted their price objective on Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Stephens reaffirmed an “overweight” rating and issued a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, JMP Securities lifted their price target on Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $82.25.

Zillow Group Stock Performance

NASDAQ:ZG opened at $62.97 on Tuesday. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The company has a 50 day moving average price of $73.68 and a 200 day moving average price of $70.94. The stock has a market capitalization of $15.27 billion, a P/E ratio of -133.98, a PEG ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate 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%. Research analysts forecast that Zillow Group, Inc. will post 0.32 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.