Blue Trust Inc. Increases Stake in Zillow Group, Inc. (NASDAQ:ZG)

Blue Trust Inc. boosted its stake in Zillow Group, Inc. (NASDAQ:ZG) by 70.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 417 shares of the technology company’s stock after acquiring an additional 172 shares during the quarter. Blue Trust Inc.’s holdings in Zillow Group were worth $30,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its position in Zillow Group by 7.2% in the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock valued at $405,000 after purchasing an additional 439 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Zillow Group by 86.7% in the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the last quarter. Vontobel Holding Ltd. lifted its position in Zillow Group by 4.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after acquiring an additional 750 shares during the period. Baillie Gifford & Co. grew its position in Zillow Group by 0.9% in the 3rd quarter. Baillie Gifford & Co. now owns 91,516 shares of the technology company’s stock valued at $5,668,000 after buying an additional 811 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Zillow Group during the fourth quarter worth about $72,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Up 1.0 %

Shares of Zillow Group stock opened at $85.29 on Tuesday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a market cap of $19.92 billion, a PE ratio of -149.63, a price-to-earnings-growth ratio of 15.65 and a beta of 2.09. The business has a fifty day simple moving average of $75.71 and a 200 day simple moving average of $65.41. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $85.89.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Benchmark boosted their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Baird R W raised shares of Zillow Group to a “hold” rating in a research report on Friday, January 31st. Canaccord Genuity Group lifted their price objective on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. UBS Group boosted their price target on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group increased their price objective on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.00.

Insider Activity at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 3,187 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $74.00, for a total value of $235,838.00. Following the sale, the chief accounting officer now owns 69,649 shares in the company, valued at approximately $5,154,026. The trade was a 4.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeremy Hofmann sold 23,388 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,689 shares of company stock worth $12,520,379. 17.14% of the stock is currently owned by company 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.