Virtu Financial LLC Has $4.05 Million Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

Virtu Financial LLC grew its stake in Zillow Group, Inc. (NASDAQ:ZG) by 176.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 89,943 shares of the technology company’s stock after acquiring an additional 57,426 shares during the quarter. Virtu Financial LLC’s holdings in Zillow Group were worth $4,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Fidelis Capital Partners LLC acquired a new position in Zillow Group in the first quarter valued at about $32,000. Quadrant Capital Group LLC raised its position in Zillow Group by 45.1% in the 4th quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after purchasing an additional 237 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Zillow Group in the first quarter valued at $53,000. Signaturefd LLC grew its holdings in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Zillow Group in the 1st quarter valued at about $84,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Shares of ZG opened at $60.63 on Tuesday. The firm has a market cap of $14.03 billion, a P/E ratio of -87.87 and a beta of 2.00. Zillow Group, Inc. has a twelve month low of $33.23 and a twelve month high of $61.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.12 and a current ratio of 2.12. The firm’s 50 day moving average price is $50.21 and its two-hundred day moving average price is $46.94.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The company had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. Zillow Group’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ZG. DA Davidson reissued a “buy” rating and set a $52.00 price target on shares of Zillow Group in a research note on Tuesday, June 18th. Evercore ISI increased their price objective on Zillow Group from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Royal Bank of Canada boosted their target price on Zillow Group from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $50.00 to $80.00 in a research note on Monday. Finally, Cantor Fitzgerald began coverage on Zillow Group in a research report on Thursday, September 5th. They issued a “neutral” rating and a $47.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $59.82.

Insiders Place Their Bets

In related news, insider Susan Daimler sold 3,484 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $54.18, for a total value of $188,763.12. Following the completion of the transaction, the insider now owns 22,464 shares of the company’s stock, valued at $1,217,099.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Susan Daimler sold 3,484 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total transaction of $188,763.12. Following the sale, the insider now owns 22,464 shares in the company, valued at $1,217,099.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 2,991 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total transaction of $159,061.38. Following the transaction, the insider now owns 70,342 shares in the company, valued at $3,740,787.56. The disclosure for this sale can be found here. Insiders sold a total of 198,548 shares of company stock valued at $10,221,048 in the last quarter. 17.14% of the stock is currently owned by 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.