AtonRa Partners Sells 1,160 Shares of Zillow Group, Inc. (NASDAQ:ZG)

AtonRa Partners reduced its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 25.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,442 shares of the technology company’s stock after selling 1,160 shares during the quarter. AtonRa Partners’ holdings in Zillow Group were worth $195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its stake in shares of Zillow Group by 1.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock worth $1,254,000 after purchasing an additional 250 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Zillow Group by 2.3% in the third quarter. Ieq Capital LLC now owns 12,955 shares of the technology company’s stock worth $580,000 after buying an additional 286 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Zillow Group by 2.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 15,542 shares of the technology company’s stock valued at $882,000 after buying an additional 360 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Zillow Group by 5.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 7,647 shares of the technology company’s stock valued at $343,000 after acquiring an additional 414 shares during the period. Finally, Desjardins Global Asset Management Inc. increased its holdings in Zillow Group by 1.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 38,154 shares of the technology company’s stock worth $2,207,000 after acquiring an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 5,114 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $55.45, for a total value of $283,571.30. Following the completion of the sale, the insider now directly owns 43,180 shares in the company, valued at $2,394,331. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Zillow Group news, insider Dan Spaulding sold 5,114 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $55.45, for a total transaction of $283,571.30. Following the sale, the insider now directly owns 43,180 shares of the company’s stock, valued at approximately $2,394,331. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Daimler sold 15,206 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $56.36, for a total transaction of $857,010.16. Following the sale, the insider now directly owns 36,148 shares in the company, valued at $2,037,301.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,289 shares of company stock worth $9,642,508. Corporate insiders own 17.14% of the company’s stock.

Zillow Group Trading Down 0.4 %

ZG traded down $0.18 on Tuesday, hitting $42.93. The company had a trading volume of 128,649 shares, compared to its average volume of 672,978. The business’s fifty day simple moving average is $48.30 and its 200 day simple moving average is $47.65. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. Zillow Group, Inc. has a 12-month low of $33.23 and a 12-month high of $59.23. The company has a market cap of $10.02 billion, a PE ratio of -62.78 and a beta of 1.83.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The company had revenue of $474.00 million for the quarter, compared to the consensus estimate of $450.75 million. Equities research analysts expect that Zillow Group, Inc. will post -0.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a research report on Monday. Susquehanna upped their target price on shares of Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Bank of America cut Zillow Group from a “buy” rating to a “neutral” rating in a report on Wednesday, January 10th. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Zillow Group in a research report on Tuesday. Finally, JMP Securities reissued a “market outperform” rating and set a $68.00 target price on shares of Zillow Group in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Zillow Group presently has a consensus rating of “Hold” and a consensus target price of $58.20.

Zillow Group 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.