Assenagon Asset Management S.A. Purchases 5,539 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Assenagon Asset Management S.A. grew its position in Zillow Group, Inc. (NASDAQ:ZG) by 28.9% during the 4th quarter, HoldingsChannel reports. The fund owned 24,738 shares of the technology company’s stock after purchasing an additional 5,539 shares during the period. Assenagon Asset Management S.A.’s holdings in Zillow Group were worth $1,753,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ZG. Versant Capital Management Inc purchased a new position in Zillow Group in the 4th quarter worth about $72,000. JPMorgan Chase & Co. grew its stake in Zillow Group by 155.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after acquiring an additional 20,238 shares in the last quarter. Virtu Financial LLC increased its position in shares of 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 acquiring an additional 118,830 shares during the period. Synergy Financial Group LTD bought a new stake in shares of Zillow Group during the third quarter valued at approximately $271,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after purchasing an additional 32,766 shares during the period. Institutional investors own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group raised their price target on Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Cantor Fitzgerald reissued a “neutral” rating and set a $47.00 target price on shares of Zillow Group in a research report on Monday, October 7th. Piper Sandler boosted their price target on shares of Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, December 6th. DA Davidson increased their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Craig Hallum boosted their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Zillow Group Stock Performance

NASDAQ ZG opened at $76.77 on Friday. The stock has a fifty day simple moving average of $75.00 and a 200-day simple moving average of $62.47. 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 stock has a market cap of $17.93 billion, a PE ratio of -134.68, a P/E/G ratio of 12.84 and a beta of 2.09. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $83.67.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. Zillow Group’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Equities analysts anticipate that Zillow Group, Inc. will post -0.36 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Dan Spaulding sold 4,565 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $86.22, for a total value of $393,594.30. Following the transaction, the insider now owns 58,217 shares of the company’s stock, valued at $5,019,469.74. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.39, for a total value of $4,108,132.50. Following the sale, the chief technology officer now directly owns 92 shares in the company, valued at $6,659.88. This trade represents a 99.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock valued at $10,395,879 in the last three months. 17.14% of the stock is owned by corporate insiders.

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.