Y Intercept Hong Kong Ltd Makes New Investment in Zillow Group, Inc. (NASDAQ:ZG)

Y Intercept Hong Kong Ltd acquired a new position in Zillow Group, Inc. (NASDAQ:ZG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,860 shares of the technology company’s stock, valued at approximately $557,000.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ZG shares. Piper Sandler decreased their price target 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. Canaccord Genuity Group boosted their target price 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. Citigroup upped their price objective on shares of Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Cantor Fitzgerald upped their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird assumed coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.00.

Insider Transactions at Zillow Group

In other news, CFO Jeremy Hofmann sold 23,388 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 19.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jun Choo sold 1,277 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,098 shares of company stock worth $3,611,337. 17.14% of the stock is currently owned by insiders.

Zillow Group Trading Up 0.7 %

Shares of NASDAQ:ZG opened at $74.39 on Friday. The company has a 50 day moving average of $75.28 and a 200 day moving average of $68.17. The stock has a market cap of $18.04 billion, a P/E ratio of -158.28, a P/E/G ratio of 8.90 and a beta of 2.09. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its earnings results 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 forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.