Caxton Associates LLP Increases Position in Zillow Group, Inc. $ZG

Caxton Associates LLP increased its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 172.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,115 shares of the technology company’s stock after acquiring an additional 25,386 shares during the quarter. Caxton Associates LLP’s holdings in Zillow Group were worth $1,660,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arax Advisory Partners raised its holdings in Zillow Group by 402.3% in the 4th quarter. Arax Advisory Partners now owns 442 shares of the technology company’s stock valued at $30,000 after acquiring an additional 354 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Zillow Group during the fourth quarter worth $34,000. Fifth Third Bancorp boosted its holdings in shares of Zillow Group by 990.3% during the first quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company’s stock worth $42,000 after purchasing an additional 921 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Zillow Group in the fourth quarter valued at $47,000. Finally, Quarry LP purchased a new stake in shares of Zillow Group in the fourth quarter valued at $56,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on ZG. The Goldman Sachs Group dropped their target price on Zillow Group from $53.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Zacks Research raised Zillow Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Mizuho lowered their price target on Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. KeyCorp dropped their price objective on shares of Zillow Group from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Barclays cut their price objective on shares of Zillow Group from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.48.

Zillow Group Trading Up 3.8%

Shares of ZG opened at $30.68 on Friday. The firm has a market capitalization of $7.02 billion, a P/E ratio of 122.72, a price-to-earnings-growth ratio of 1.31 and a beta of 1.95. The stock’s fifty day simple moving average is $33.55 and its 200 day simple moving average is $43.81. Zillow Group, Inc. has a twelve month low of $29.03 and a twelve month high of $90.22.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The firm had revenue of $708.00 million for the quarter, compared to analysts’ expectations of $705.17 million. During the same quarter last year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. Sell-side analysts predict that Zillow Group, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Dan Spaulding sold 3,078 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the transaction, the insider directly owned 49,696 shares in the company, valued at $1,858,630.40. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Errol G. Samuelson sold 2,939 shares of Zillow Group stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $37.97, for a total value of $111,593.83. Following the completion of the transaction, the insider directly owned 134,039 shares in the company, valued at $5,089,460.83. This represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 42,910 shares of company stock worth $1,605,732. Corporate insiders own 29.88% of the company’s stock.

About Zillow Group

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.