SG Americas Securities LLC Takes $930,000 Position in Zillow Group, Inc. $ZG

SG Americas Securities LLC bought a new position in Zillow Group, Inc. (NASDAQ:ZG) during the third quarter, Holdings Channel reports. The firm bought 12,498 shares of the technology company’s stock, valued at approximately $930,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Zillow Group during the 2nd quarter worth approximately $159,770,000. Millennium Management LLC boosted its position in shares of Zillow Group by 110.8% during the first quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after buying an additional 152,955 shares during the last quarter. Bank of America Corp DE grew its holdings in Zillow Group by 19.3% during the second quarter. Bank of America Corp DE now owns 173,222 shares of the technology company’s stock worth $11,864,000 after buying an additional 28,032 shares in the last quarter. California Public Employees Retirement System grew its holdings in Zillow Group by 7.2% during the second quarter. California Public Employees Retirement System now owns 138,467 shares of the technology company’s stock worth $9,484,000 after buying an additional 9,322 shares in the last quarter. Finally, Barrier Capital Management LLC raised its position in Zillow Group by 59.9% in the 2nd quarter. Barrier Capital Management LLC now owns 123,743 shares of the technology company’s stock valued at $8,475,000 after buying an additional 46,360 shares during the last quarter. Institutional investors own 20.32% of the company’s stock.

Insiders Place Their Bets

In other Zillow Group news, General Counsel Bradley D. Owens sold 2,722 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $67.41, for a total value of $183,490.02. Following the sale, the general counsel directly owned 37,974 shares in the company, valued at $2,559,827.34. The trade was a 6.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeremy Wacksman sold 10,855 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $69.99, for a total value of $759,741.45. Following the transaction, the chief executive officer owned 134,712 shares of the company’s stock, valued at $9,428,492.88. The trade was a 7.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 67,511 shares of company stock valued at $4,766,357. Company insiders own 17.14% of the company’s stock.

Zillow Group Stock Performance

Shares of ZG stock opened at $67.66 on Tuesday. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of -483.25, a P/E/G ratio of 3.75 and a beta of 2.03. Zillow Group, Inc. has a 52 week low of $56.63 and a 52 week high of $90.22. The firm’s 50-day simple moving average is $69.15 and its two-hundred day simple moving average is $73.92.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $676.00 million for the quarter, compared to analysts’ expectations of $670.28 million. Zillow Group had a negative return on equity of 0.56% and a negative net margin of 1.29%.The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. Analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

ZG has been the topic of a number of analyst reports. Susquehanna cut their price objective on shares of Zillow Group from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Oppenheimer began coverage on shares of Zillow Group in a research report on Monday, October 6th. They set a “market perform” rating on the stock. BNP Paribas started coverage on shares of Zillow Group in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $85.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $87.00 target price on shares of Zillow Group in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.08.

Zillow Group Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.