Zillow Group, Inc. (NASDAQ:ZG) Short Interest Update

Zillow Group, Inc. (NASDAQ:ZG) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,110,000 shares, a growth of 26.6% from the February 13th total of 876,700 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average trading volume of 561,100 shares, the days-to-cover ratio is currently 2.0 days.

Insider Activity

In other news, COO Jun Choo sold 55,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were 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. This represents a 38.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,065 shares of company stock valued at $7,660,165 in the last ninety days. 17.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several institutional investors and hedge funds have recently made changes to their positions in ZG. O Shaughnessy Asset Management LLC lifted its stake in Zillow Group by 13.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after purchasing an additional 138 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after buying an additional 159 shares during the last quarter. Blue Trust Inc. lifted its stake in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Zillow Group during the fourth quarter valued at $27,000. Finally, Barrier Capital Management LLC increased its holdings in shares of Zillow Group by 0.4% during the fourth quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company’s stock valued at $7,879,000 after purchasing an additional 400 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Zillow Group Stock Up 0.6 %

Shares of NASDAQ:ZG opened at $68.90 on Tuesday. Zillow Group has a 52-week low of $38.06 and a 52-week high of $86.58. The company has a 50 day moving average of $74.97 and a two-hundred day moving average of $69.62. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of -146.60, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) 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%. On average, equities analysts anticipate that Zillow Group will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Piper Sandler reduced their target price on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. KeyCorp raised shares of Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 price objective for the company in a research note on Monday, February 3rd. Baird R W raised shares of Zillow Group to a “hold” rating in a research note on Friday, January 31st. Finally, Bank of America upped their price objective on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

About Zillow Group

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.