Deltroit Asset Management UK LLP acquired a new position in Zillow Group, Inc. (NASDAQ:ZG – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 39,789 shares of the technology company’s stock, valued at approximately $2,715,000. Zillow Group accounts for 0.4% of Deltroit Asset Management UK LLP’s holdings, making the stock its 27th biggest position.
Other institutional investors and hedge funds have also bought and sold shares of the company. Aberdeen Group plc acquired a new stake in shares of Zillow Group during the 3rd quarter worth about $2,529,000. Tabor Asset Management LP acquired a new position in Zillow Group during the third quarter worth approximately $2,428,000. M&T Bank Corp increased its position in Zillow Group by 38,344.0% during the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after buying an additional 1,600,097 shares during the period. Emmett Investment Management LP acquired a new position in Zillow Group during the third quarter worth approximately $2,860,000. Finally, UBS Group AG increased its position in Zillow Group by 44.5% during the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock worth $69,489,000 after buying an additional 313,643 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.
Zillow Group Trading Down 1.6%
Shares of ZG stock opened at $35.39 on Friday. The business’s 50 day moving average is $40.63 and its two-hundred day moving average is $52.97. Zillow Group, Inc. has a twelve month low of $34.68 and a twelve month high of $90.22. The company has a market capitalization of $8.10 billion, a P/E ratio of 141.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.94.
Insider Transactions at Zillow Group
In related news, General Counsel Bradley D. Owens sold 3,364 shares of Zillow Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $37.23, for a total value of $125,241.72. Following the sale, the general counsel directly owned 65,245 shares in the company, valued at $2,429,071.35. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Dan Spaulding sold 3,078 shares of Zillow Group stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the sale, the insider owned 49,696 shares in the company, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 42,119 shares of company stock valued at $1,578,206. 29.88% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. BTIG Research reaffirmed a “neutral” rating on shares of Zillow Group in a research report on Friday, May 22nd. Susquehanna set a $50.00 price target on Zillow Group in a research report on Thursday, February 12th. DA Davidson set a $75.00 price target on Zillow Group in a research report on Thursday, February 12th. Mizuho cut their price target on Zillow Group from $65.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Finally, UBS Group cut their price target on Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.24.
Get Our Latest Research Report on ZG
Zillow Group Company Profile
Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.
Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.
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