Zillow Group, Inc. (NASDAQ:ZG) Short Interest Update

Zillow Group, Inc. (NASDAQ:ZG) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 766,600 shares, a decrease of 32.8% from the December 15th total of 1,140,000 shares. Based on an average trading volume of 475,900 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.5% of the company’s shares are short sold.

Insider Activity

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,212 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $89,663.76. Following the transaction, the general counsel now owns 31,739 shares of the company’s stock, valued at $2,348,051.22. This represents a 3.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Daimler sold 3,694 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total value of $273,282.12. Following the completion of the sale, the insider now owns 18,770 shares in the company, valued at approximately $1,388,604.60. The trade was a 16.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,689 shares of company stock valued at $10,395,879. 17.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zillow Group

Several institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new stake in Zillow Group in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc acquired a new stake in shares of Zillow Group during the fourth quarter worth $72,000. GAMMA Investing LLC lifted its stake in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after buying an additional 561 shares during the period. Pinpoint Asset Management Ltd purchased a new stake in shares of Zillow Group during the third quarter valued at $95,000. Finally, Avanza Fonder AB acquired a new position in shares of Zillow Group in the 4th quarter valued at $234,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Stock Performance

NASDAQ:ZG opened at $72.36 on Thursday. Zillow Group has a 52 week low of $38.06 and a 52 week high of $83.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. The firm has a 50 day moving average of $74.27 and a 200 day moving average of $61.22.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating 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 firm had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. During the same quarter in the prior year, the business posted ($0.12) EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, research analysts predict that Zillow Group will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ZG shares. Barclays lifted their price objective on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. JMP Securities boosted their price target on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. UBS Group increased their price objective on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Piper Sandler upped their target price on Zillow Group from $73.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Craig Hallum increased their price target on Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

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.