Caxton Associates LLP Raises Stock Position in Zillow Group, Inc. $ZG

Caxton Associates LLP lifted its holdings in shares of Zillow Group, Inc. (NASDAQ:ZGFree Report) by 172.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,115 shares of the technology company’s stock after acquiring an additional 25,386 shares during the quarter. Caxton Associates LLP’s holdings in Zillow Group were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. M&T Bank Corp raised its position in Zillow Group by 38,344.0% in the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock valued at $120,092,000 after purchasing an additional 1,600,097 shares during the period. Polianta Ltd purchased a new stake in shares of Zillow Group in the first quarter worth about $1,494,000. Independent Franchise Partners LLP boosted its position in shares of Zillow Group by 1.1% in the fourth quarter. Independent Franchise Partners LLP now owns 2,024,556 shares of the technology company’s stock worth $138,135,000 after buying an additional 21,862 shares during the period. Deltroit Asset Management UK LLP purchased a new stake in shares of Zillow Group in the fourth quarter worth about $2,715,000. Finally, Norges Bank acquired a new stake in shares of Zillow Group in the fourth quarter valued at about $152,050,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Price Performance

Shares of Zillow Group stock opened at $30.68 on Friday. The business has a 50-day moving average of $33.55 and a 200-day moving average of $43.81. The company has a market capitalization of $7.02 billion, a PE ratio of 122.72, a P/E/G ratio of 1.31 and a beta of 1.95. Zillow Group, Inc. has a 1-year low of $29.03 and a 1-year high of $90.22.

Zillow Group (NASDAQ:ZGGet Free Report) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The business had revenue of $708.00 million for the quarter, compared to analyst estimates of $705.17 million. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities analysts expect that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZG shares. UBS Group dropped their target price on Zillow Group from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. The Goldman Sachs Group decreased their price target on Zillow Group from $53.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Zacks Research raised shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Weiss Ratings lowered shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Finally, Canaccord Genuity Group reduced their target price on shares of Zillow Group from $72.00 to $52.00 and set a “hold” rating on the stock in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.48.

Read Our Latest Analysis on ZG

Insider Activity

In other Zillow Group news, Director Erik C. Blachford sold 791 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $34.80, for a total value of $27,526.80. Following the transaction, the director directly owned 34,952 shares of the company’s stock, valued at $1,216,329.60. This represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Hofmann sold 5,501 shares of the company’s 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 $205,737.40. Following the completion of the transaction, the chief financial officer directly owned 68,315 shares in the company, valued at approximately $2,554,981. The trade was a 7.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold 42,910 shares of company stock worth $1,605,732 over the last quarter. Corporate insiders own 29.88% of the company’s stock.

Zillow Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:ZG)

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