Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. grew its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 19.0% in the third quarter, Holdings Channel.com reports. The fund owned 15,674 shares of the technology company’s stock after buying an additional 2,500 shares during the quarter. Raymond James Trust N.A.’s holdings in Zillow Group were worth $971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Zillow Group by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 441,800 shares of the technology company’s stock valued at $19,901,000 after purchasing an additional 35,503 shares in the last quarter. Selkirk Management LLC lifted its holdings in shares of Zillow Group by 37.4% in the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock valued at $14,449,000 after purchasing an additional 87,300 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Zillow Group by 6.5% in the third quarter. US Bancorp DE now owns 297,819 shares of the technology company’s stock valued at $18,444,000 after purchasing an additional 18,136 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Zillow Group by 7.0% in the second quarter. Raymond James & Associates now owns 193,023 shares of the technology company’s stock valued at $8,694,000 after purchasing an additional 12,616 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Zillow Group by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 162,647 shares of the technology company’s stock valued at $7,326,000 after purchasing an additional 7,311 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Stock Performance

NASDAQ:ZG opened at $80.79 on Monday. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $81.74. The firm has a 50 day moving average of $63.67 and a 200-day moving average of $52.89. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $18.87 billion, a P/E ratio of -141.74 and a beta of 2.02.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $555.45 million. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. Zillow Group’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) earnings per share. As a group, sell-side analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, COO Jun Choo sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.10, for a total transaction of $751,000.00. Following the sale, the chief operating officer now directly owns 88,130 shares of the company’s stock, valued at $6,618,563. The trade was a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Errol G. Samuelson sold 17,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $73.57, for a total transaction of $1,250,690.00. Following the sale, the insider now directly owns 22,739 shares in the company, valued at $1,672,908.23. This trade represents a 42.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,419 shares of company stock valued at $11,371,413. Company insiders own 17.14% of the company’s stock.

Wall Street Analyst Weigh In

ZG has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group increased their price objective on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price objective on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Susquehanna increased their target price on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Citigroup increased their target price on shares of Zillow Group from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.18.

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.