Simon Quick Advisors LLC Trims Position in Zillow Group, Inc. (NASDAQ:ZG)

Simon Quick Advisors LLC lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,576 shares of the technology company’s stock after selling 209 shares during the quarter. Simon Quick Advisors LLC’s holdings in Zillow Group were worth $1,033,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ZG. Cynosure Group LLC bought a new stake in Zillow Group in the 3rd quarter worth approximately $12,248,000. Mirabella Financial Services LLP bought a new stake in Zillow Group in the 3rd quarter worth approximately $11,351,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Zillow Group in the 3rd quarter worth approximately $9,813,000. Virtu Financial LLC increased its stake in Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after purchasing an additional 118,830 shares during the period. Finally, CreativeOne Wealth LLC increased its stake in Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock worth $11,129,000 after purchasing an additional 111,743 shares during the period. Institutional investors own 20.32% of the company’s stock.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 3,033 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the sale, the chief accounting officer now directly owns 57,166 shares of the company’s stock, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Bradley D. Owens sold 1,212 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now directly owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,689 shares of company stock worth $10,395,879. 17.14% of the stock is owned by corporate insiders.

Zillow Group Price Performance

Zillow Group stock opened at $75.02 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $83.67. The business’s fifty day simple moving average is $74.83 and its two-hundred day simple moving average is $62.27.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Zillow Group’s revenue was up 17.1% on a year-over-year basis. Equities analysts expect that Zillow Group, Inc. will post -0.36 earnings per share for the current year.

Analysts Set New Price Targets

ZG has been the topic of a number of analyst reports. Evercore ISI lifted their price target on Zillow Group from $55.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their price target on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. The Goldman Sachs Group boosted their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. JMP Securities boosted their target price on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. Finally, Susquehanna boosted their target price on Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.