Avanza Fonder AB Takes Position in Zillow Group, Inc. (NASDAQ:ZG)

Avanza Fonder AB acquired a new stake in Zillow Group, Inc. (NASDAQ:ZG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,309 shares of the technology company’s stock, valued at approximately $234,000.

Other hedge funds also recently bought and sold shares of the company. Cynosure Group LLC bought a new position in Zillow Group in the 3rd quarter valued at $12,248,000. Mirabella Financial Services LLP purchased a new stake in shares of Zillow Group in the third quarter worth $11,351,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in Zillow Group during the third quarter valued at $9,813,000. Virtu Financial LLC grew its position in Zillow Group by 132.1% during the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after buying an additional 118,830 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in shares of Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after acquiring an additional 111,743 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Performance

Shares of NASDAQ:ZG opened at $74.83 on Monday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The company has a market cap of $17.48 billion, a price-to-earnings ratio of -131.28, a price-to-earnings-growth ratio of 12.89 and a beta of 2.09. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $83.67. The company has a 50-day moving average price of $74.74 and a 200-day moving average price of $61.84.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same quarter last year, the business posted ($0.12) EPS. The business’s revenue was up 17.1% on a year-over-year basis. As a group, equities analysts anticipate that Zillow Group, Inc. will post -0.34 EPS for the current year.

Analyst Ratings Changes

ZG has been the subject of several recent analyst reports. UBS Group boosted their price objective on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Canaccord Genuity Group increased their price target on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Barclays raised their price objective on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Royal Bank of Canada increased their target price on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Piper Sandler lifted their price target on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

Insider Transactions at Zillow Group

In related news, insider Susan Daimler sold 3,694 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the transaction, the insider now directly owns 18,770 shares in the company, valued at $1,388,604.60. This trade represents a 16.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Rock sold 3,033 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the sale, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. The trade was a 5.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,689 shares of company stock valued at $10,395,879. Company insiders own 17.14% of the company’s stock.

Zillow Group Company 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.