Y Intercept Hong Kong Ltd Makes New $557,000 Investment in Zillow Group, Inc. (NASDAQ:ZG)

Y Intercept Hong Kong Ltd bought a new position in shares of Zillow Group, Inc. (NASDAQ:ZG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,860 shares of the technology company’s stock, valued at approximately $557,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZG. Cynosure Group LLC acquired a new position in shares of Zillow Group during the third quarter valued at about $12,248,000. Mirabella Financial Services LLP acquired a new position in shares of Zillow Group during the third quarter valued at about $11,351,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Zillow Group during the third quarter valued at about $9,813,000. Virtu Financial LLC raised its position in shares of Zillow Group by 132.1% during the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after buying an additional 118,830 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its position in shares of Zillow Group by 164.4% during the third quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after buying an additional 111,743 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Craig Hallum upped their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald upped their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Robert W. Baird started coverage on shares of Zillow Group in a research report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price target for the company. Finally, Canaccord Genuity Group increased their price target on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.00.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 1,612 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jennifer Rock sold 3,033 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the sale, the chief accounting officer now owns 57,166 shares in the company, valued at approximately $4,732,201.48. The trade was a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,098 shares of company stock worth $3,611,337 over the last ninety days. Company insiders own 17.14% of the company’s stock.

Zillow Group Price Performance

ZG opened at $74.39 on Friday. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58. The company’s 50 day simple moving average is $75.28 and its 200-day simple moving average is $68.17. The stock has a market capitalization of $18.04 billion, a P/E ratio of -158.28, a price-to-earnings-growth ratio of 8.90 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current 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.