Nomura Holdings Inc. Acquires Shares of 5,900 Zillow Group, Inc. (NASDAQ:ZG)

Nomura Holdings Inc. bought a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG) in the 4th quarter, HoldingsChannel reports. The fund bought 5,900 shares of the technology company’s stock, valued at approximately $418,000.

Several other large investors have also recently made changes to their positions in ZG. Norges Bank purchased a new stake in shares of Zillow Group during the 4th quarter valued at $165,326,000. Arrowstreet Capital Limited Partnership increased its position in shares of Zillow Group by 1,261.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock valued at $18,454,000 after purchasing an additional 241,331 shares during the last quarter. Virtu Financial LLC increased its position in shares of Zillow Group by 101.3% during the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after purchasing an additional 211,482 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Zillow Group during the 4th quarter valued at $14,916,000. Finally, Nellore Capital Management LLC purchased a new stake in shares of Zillow Group during the 4th quarter valued at $6,823,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares in the company, valued at approximately $10,460,924.24. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,154 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total transaction of $79,325.96. Following the completion of the transaction, the general counsel now owns 50,681 shares in the company, valued at approximately $3,483,811.94. This trade represents a 2.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,741 shares of company stock worth $11,414,034. Insiders own 17.14% of the company’s stock.

Zillow Group Stock Performance

NASDAQ:ZG opened at $64.42 on Thursday. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of -137.06, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 52-week low of $38.40 and a 52-week high of $86.58. The stock has a fifty day moving average of $65.86 and a 200 day moving average of $71.68.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZG. Evercore ISI boosted their price objective on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. William Blair began coverage on Zillow Group in a research note on Monday, April 21st. They issued a “market perform” rating on the stock. Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. Piper Sandler boosted their price objective on Zillow Group from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, DA Davidson lowered their price objective on Zillow Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average price target of $81.80.

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.