Graham Capital Management L.P. Acquires Shares of 21,597 Zillow Group, Inc. (NASDAQ:ZG)

Graham Capital Management L.P. acquired a new stake in Zillow Group, Inc. (NASDAQ:ZG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,597 shares of the technology company’s stock, valued at approximately $1,530,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Zillow Group in the fourth quarter valued at approximately $165,326,000. Arrowstreet Capital Limited Partnership grew its position in Zillow Group by 1,261.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock worth $18,454,000 after buying an additional 241,331 shares in the last quarter. Virtu Financial LLC grew its position in Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after buying an additional 211,482 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Zillow Group during the fourth quarter worth approximately $14,916,000. Finally, Schonfeld Strategic Advisors LLC grew its position in Zillow Group by 2,728.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 96,801 shares of the technology company’s stock worth $6,858,000 after buying an additional 93,378 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZG shares. Benchmark reduced their price target on Zillow Group from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Piper Sandler increased their price target on Zillow Group from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Baird R W raised Zillow Group to a “hold” rating in a research report on Friday, January 31st. KeyCorp reduced their price target on Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Finally, Canaccord Genuity Group reduced their price target on Zillow Group from $86.00 to $76.00 and set a “hold” rating on the stock in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and an average target price of $81.80.

Zillow Group Trading Up 4.9%

ZG stock opened at $70.08 on Tuesday. The stock has a 50-day moving average price of $66.25 and a 200-day moving average price of $71.41. Zillow Group, Inc. has a 1-year low of $38.40 and a 1-year high of $86.58. The firm has a market cap of $17.00 billion, a PE ratio of -149.11, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. On average, analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In other Zillow Group news, COO Jun Choo sold 1,277 shares of Zillow Group 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 transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. The trade was a 1.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Errol G. Samuelson sold 6,967 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This trade represents a 5.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,641 shares of company stock worth $7,665,962 in the last three months. Company 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.