Hartline Investment Corp Has $5.15 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

Hartline Investment Corp grew its stake in Zillow Group, Inc. (NASDAQ:ZG) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,691 shares of the technology company’s stock after purchasing an additional 10,154 shares during the period. Hartline Investment Corp’s holdings in Zillow Group were worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ZG. GAMMA Investing LLC boosted its position in Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after buying an additional 561 shares during the period. CWM LLC boosted its position in Zillow Group by 18.6% during the 3rd quarter. CWM LLC now owns 34,258 shares of the technology company’s stock worth $2,122,000 after buying an additional 5,377 shares during the period. Creative Planning raised its holdings in Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after purchasing an additional 439 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in Zillow Group by 4.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after purchasing an additional 750 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in Zillow Group during the 3rd quarter worth approximately $747,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Performance

Shares of ZG stock opened at $85.29 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a fifty day simple moving average of $75.71 and a two-hundred day simple moving average of $65.41. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $85.89.

Wall Street Analysts Forecast Growth

ZG has been the subject of several analyst reports. Susquehanna raised their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Benchmark lifted their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group lifted their price objective on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird started coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective for the company. Finally, Craig Hallum lifted their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

Insiders Place Their Bets

In other Zillow Group news, insider Susan Daimler sold 3,694 shares of Zillow Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares of the company’s stock, valued at $1,388,604.60. The trade was a 16.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of Zillow Group stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,689 shares of company stock valued at $12,520,379 in the last three months. 17.14% of the stock is currently owned by insiders.

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.