AlphaQuest LLC Has $538,000 Holdings in Zillow Group, Inc. (NASDAQ:ZG)

AlphaQuest LLC lifted its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 75,860.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,596 shares of the technology company’s stock after buying an additional 7,586 shares during the period. AlphaQuest LLC’s holdings in Zillow Group were worth $538,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after purchasing an additional 32,766 shares during the last quarter. State Street Corp lifted its stake in Zillow Group by 0.4% in the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after purchasing an additional 2,832 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Zillow Group in the 4th quarter valued at about $14,916,000. Virtu Financial LLC lifted 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 valued at $12,929,000 after purchasing an additional 118,830 shares during the last quarter. Finally, Cynosure Group LLC acquired a new stake in Zillow Group in the 3rd quarter valued at about $12,248,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZG has been the topic of several research analyst reports. Canaccord Genuity Group increased their price target on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a report on Monday, December 2nd. UBS Group increased their price target on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Evercore ISI increased their price target on shares of Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, JMP Securities increased their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. 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 stock. According to data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average target price of $83.00.

Zillow Group Price Performance

Shares of NASDAQ:ZG opened at $69.91 on Thursday. The company’s 50 day simple moving average is $75.16 and its 200 day simple moving average is $69.25. The stock has a market capitalization of $16.96 billion, a price-to-earnings ratio of -148.74, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 fiscal year.

Insider Buying and Selling at Zillow Group

In other news, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $541,475.24. Following the transaction, the insider now owns 127,467 shares in the company, valued at approximately $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 owns 99,362 shares in the company, valued at approximately $8,443,782.76. This trade represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,065 shares of company stock worth $7,660,165 over the last quarter. Corporate insiders own 17.14% of the company’s stock.

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.