Voya Investment Management LLC Acquires 156 Shares of Zillow Group, Inc. $ZG

Voya Investment Management LLC increased its position in Zillow Group, Inc. (NASDAQ:ZG) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,778 shares of the technology company’s stock after buying an additional 156 shares during the quarter. Voya Investment Management LLC’s holdings in Zillow Group were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of ZG. GAMMA Investing LLC increased its holdings in Zillow Group by 38.0% in the 1st quarter. GAMMA Investing LLC now owns 1,828 shares of the technology company’s stock worth $122,000 after acquiring an additional 503 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zillow Group by 60.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,044 shares of the technology company’s stock valued at $404,000 after purchasing an additional 2,288 shares in the last quarter. Trexquant Investment LP purchased a new stake in Zillow Group in the first quarter worth about $370,000. SG Americas Securities LLC grew its position in shares of Zillow Group by 253.3% during the first quarter. SG Americas Securities LLC now owns 20,980 shares of the technology company’s stock worth $1,403,000 after purchasing an additional 15,042 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in Zillow Group during the 4th quarter valued at approximately $228,000. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Stock Up 2.2%

Shares of Zillow Group stock opened at $77.16 on Friday. Zillow Group, Inc. has a twelve month low of $55.08 and a twelve month high of $90.22. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of -296.77, a price-to-earnings-growth ratio of 21.49 and a beta of 2.02. The company has a 50-day simple moving average of $80.40 and a two-hundred day simple moving average of $71.93.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The firm had revenue of $655.00 million for the quarter, compared to the consensus estimate of $647.06 million. During the same period in the prior year, the business earned $0.39 EPS. Zillow Group’s quarterly revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In other Zillow Group news, Director April Underwood sold 3,621 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $90.12, for a total transaction of $326,324.52. Following the transaction, the director owned 483 shares in the company, valued at approximately $43,527.96. This represents a 88.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO David A. Beitel sold 22,510 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $90.97, for a total value of $2,047,734.70. Following the transaction, the chief technology officer owned 144,549 shares of the company’s stock, valued at $13,149,622.53. This represents a 13.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 657,087 shares of company stock worth $56,286,479. 17.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ZG. JMP Securities reiterated a “market outperform” rating and issued a $87.00 price target on shares of Zillow Group in a report on Thursday. Wells Fargo & Company reduced their price objective on Zillow Group from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 11th. Sanford C. Bernstein raised Zillow Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $75.00 to $105.00 in a report on Wednesday, September 17th. Barclays restated an “underweight” rating and set a $66.00 price objective (up from $60.00) on shares of Zillow Group in a research report on Thursday, August 7th. Finally, KeyCorp restated an “overweight” rating and set a $92.00 target price (up from $90.00) on shares of Zillow Group in a research note on Thursday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.18.

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.