Zillow Group, Inc. (NASDAQ:ZG) Holdings Lifted by Virtu Financial LLC

Virtu Financial LLC lifted its position in Zillow Group, Inc. (NASDAQ:ZG) by 101.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 420,255 shares of the technology company’s stock after acquiring an additional 211,482 shares during the period. Zillow Group accounts for about 1.6% of Virtu Financial LLC’s investment portfolio, making the stock its 4th largest holding. Virtu Financial LLC owned about 0.18% of Zillow Group worth $29,775,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Zillow Group during the 4th quarter valued at $14,916,000. Cynosure Group LLC bought a new position in Zillow Group in the 3rd quarter worth $12,248,000. Mirabella Financial Services LLP bought a new position in Zillow Group in the 3rd quarter worth $11,351,000. Philadelphia Financial Management of San Francisco LLC bought a new position in Zillow Group in the 3rd quarter worth $9,813,000. Finally, CreativeOne Wealth LLC raised its holdings 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.

Zillow Group Stock Performance

NASDAQ:ZG opened at $69.78 on Friday. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of -148.47, a PEG ratio of 8.90 and a beta of 2.33. The firm’s fifty day moving average is $74.99 and its two-hundred day moving average is $69.83.

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

Analysts Set New Price Targets

ZG has been the topic of a number of recent analyst reports. Robert W. Baird started coverage on Zillow Group in a research report on Friday, January 31st. They set a “neutral” rating and a $88.00 price objective for the company. Craig Hallum raised their price objective on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Canaccord Genuity Group raised their price objective on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, Citigroup raised their price objective on Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock worth $7,660,165 in the last 90 days. 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.