20,063 Shares in Zillow Group, Inc. $ZG Acquired by MFG Wealth Management Inc.

MFG Wealth Management Inc. acquired a new stake in Zillow Group, Inc. (NASDAQ:ZG) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 20,063 shares of the technology company’s stock, valued at approximately $1,493,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZG. Norges Bank acquired a new position in shares of Zillow Group during the second quarter worth $159,770,000. Independent Franchise Partners LLP boosted its holdings in shares of Zillow Group by 1.8% during the 1st quarter. Independent Franchise Partners LLP now owns 2,060,399 shares of the technology company’s stock valued at $137,758,000 after acquiring an additional 36,046 shares in the last quarter. Millennium Management LLC grew its position in Zillow Group by 110.8% during the 1st quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock worth $19,456,000 after acquiring an additional 152,955 shares during the last quarter. Northern Trust Corp increased its holdings in Zillow Group by 0.7% in the 1st quarter. Northern Trust Corp now owns 248,737 shares of the technology company’s stock worth $16,631,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Zillow Group by 3.9% in the 1st quarter. Raymond James Financial Inc. now owns 218,732 shares of the technology company’s stock worth $14,624,000 after purchasing an additional 8,197 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,455 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.40, for a total transaction of $378,577.00. Following the completion of the sale, the insider directly owned 50,342 shares in the company, valued at approximately $3,493,734.80. This trade represents a 9.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeremy Hofmann sold 7,865 shares of Zillow Group stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $69.53, for a total value of $546,853.45. Following the completion of the transaction, the chief financial officer directly owned 70,811 shares of the company’s stock, valued at approximately $4,923,488.83. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 67,511 shares of company stock valued at $4,766,357. 17.14% of the stock is owned by corporate insiders.

Zillow Group Stock Performance

Zillow Group stock opened at $66.59 on Friday. Zillow Group, Inc. has a 52-week low of $56.63 and a 52-week high of $90.22. The firm has a 50 day moving average price of $70.54 and a two-hundred day moving average price of $73.94. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of -475.61, a PEG ratio of 26.56 and a beta of 2.06.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The firm had revenue of $676.00 million during the quarter, compared to the consensus estimate of $670.28 million. During the same period in the prior year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $78.00 price target on shares of Zillow Group in a research note on Friday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $74.00 target price on shares of Zillow Group in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Zillow Group in a report on Wednesday, October 8th. Susquehanna dropped their price target on shares of Zillow Group from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Finally, Mizuho started coverage on shares of Zillow Group in a report on Monday, September 29th. They set an “outperform” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $87.09.

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.