7,842 Shares in Zillow Group, Inc. (NASDAQ:ZG) Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC bought a new position in shares of Zillow Group, Inc. (NASDAQ:ZG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,842 shares of the technology company’s stock, valued at approximately $556,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its stake in shares of Zillow Group by 13.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after acquiring an additional 138 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after purchasing an additional 159 shares in the last quarter. Blue Trust Inc. increased its position in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after purchasing an additional 172 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Zillow Group during the 4th quarter valued at $27,000. Finally, Baillie Gifford & Co. boosted its position in shares of Zillow Group by 0.6% in the 4th quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company’s stock worth $6,520,000 after purchasing an additional 509 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Down 2.3 %

Shares of Zillow Group stock opened at $65.32 on Monday. The firm has a market cap of $15.84 billion, a PE ratio of -138.98, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The business has a 50-day moving average price of $73.99 and a 200 day moving average price of $70.96.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird initiated coverage on Zillow Group in a research note on Friday, January 31st. They issued a “neutral” rating and a $88.00 price target for the company. Bank of America upped their price target 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. UBS Group boosted their price objective on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, KeyCorp dropped their price target on Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and an average price target of $82.25.

Insider Buying and Selling at Zillow Group

In other news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Errol G. Samuelson sold 6,967 shares of the business’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 $541,475.24. Following the transaction, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock valued at $7,869,478 over the last ninety days. Corporate insiders own 17.14% of the company’s stock.

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.