Raymond James Financial Services Advisors Inc. Buys 360 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Raymond James Financial Services Advisors Inc. increased its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,542 shares of the technology company’s stock after acquiring an additional 360 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Zillow Group were worth $882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Zillow Group by 16.0% during the third quarter. BlackRock Inc. now owns 2,489,506 shares of the technology company’s stock valued at $71,275,000 after purchasing an additional 343,693 shares during the last quarter. Norges Bank bought a new position in Zillow Group during the fourth quarter valued at $59,032,000. Geode Capital Management LLC lifted its position in Zillow Group by 4.1% during the first quarter. Geode Capital Management LLC now owns 1,005,436 shares of the technology company’s stock valued at $43,938,000 after purchasing an additional 39,464 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Zillow Group by 50.5% during the third quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after purchasing an additional 317,683 shares during the last quarter. Finally, State Street Corp lifted its position in Zillow Group by 6.1% during the first quarter. State Street Corp now owns 822,590 shares of the technology company’s stock valued at $35,947,000 after purchasing an additional 47,240 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

Zillow Group Trading Down 3.0 %

NASDAQ ZG opened at $42.41 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of -62.37 and a beta of 1.83. The company’s 50-day simple moving average is $50.68 and its two-hundred day simple moving average is $47.71. Zillow Group, Inc. has a one year low of $33.23 and a one year high of $59.23.

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

Insider Transactions at Zillow Group

In other news, CAO Jennifer Rock sold 7,352 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the transaction, the chief accounting officer now owns 56,384 shares of the company’s stock, valued at approximately $3,230,239.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Jennifer Rock sold 7,352 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $57.29, for a total value of $421,196.08. Following the transaction, the chief accounting officer now owns 56,384 shares of the company’s stock, valued at approximately $3,230,239.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Daimler sold 15,206 shares of Zillow Group stock in a transaction that occurred 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 completion of the sale, the insider now owns 36,148 shares of the company’s stock, valued at $2,037,301.28. The disclosure for this sale can be found here. Insiders have sold a total of 171,289 shares of company stock valued at $9,642,508 in the last 90 days. Insiders own 17.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $68.00 target price on shares of Zillow Group in a report on Friday. Benchmark raised their target price on shares of Zillow Group from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays raised their target price on shares of Zillow Group from $32.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday, February 21st. Susquehanna raised 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. Finally, Piper Sandler raised their target price on shares of Zillow Group from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.79.

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.