Strs Ohio Buys 12,128 Shares of Zillow Group, Inc. $ZG

Strs Ohio lifted its position in Zillow Group, Inc. (NASDAQ:ZG) by 86.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,193 shares of the technology company’s stock after purchasing an additional 12,128 shares during the period. Strs Ohio’s holdings in Zillow Group were worth $1,950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Zillow Group during the 3rd quarter valued at $201,000. Arkadios Wealth Advisors raised its holdings in shares of Zillow Group by 2.9% in the third quarter. Arkadios Wealth Advisors now owns 13,165 shares of the technology company’s stock valued at $980,000 after acquiring an additional 365 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Zillow Group by 4.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock valued at $256,000 after acquiring an additional 156 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Zillow Group in the third quarter worth about $215,000. Finally, SG Americas Securities LLC bought a new position in Zillow Group during the 3rd quarter worth about $930,000. Institutional investors own 20.32% of the company’s stock.

Zillow Group Price Performance

Zillow Group stock opened at $65.73 on Wednesday. Zillow Group, Inc. has a 1-year low of $56.63 and a 1-year high of $90.22. The business has a fifty day moving average price of $68.92 and a 200-day moving average price of $73.66. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of -469.47, a PEG ratio of 3.96 and a beta of 2.03.

Zillow Group (NASDAQ:ZG) last announced its 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 business had revenue of $676.00 million for the quarter, compared to analyst estimates of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. On average, equities research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Oppenheimer began coverage on shares of Zillow Group in a research report on Monday, October 6th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. boosted their price objective on shares of Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Mizuho reiterated a “neutral” rating and issued a $70.00 price target (down from $100.00) on shares of Zillow Group in a report on Friday, January 9th. Finally, Exane BNP Paribas upgraded Zillow Group to a “strong-buy” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average target price of $85.68.

Insider Transactions at Zillow Group

In other Zillow Group news, insider Dan Spaulding sold 5,455 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.40, for a total value of $378,577.00. Following the completion of the transaction, the insider owned 50,342 shares of the company’s stock, valued at approximately $3,493,734.80. This trade represents a 9.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 7,865 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.53, for a total transaction of $546,853.45. Following the sale, the chief financial officer directly owned 70,811 shares in the company, valued at $4,923,488.83. This trade represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 67,511 shares of company stock worth $4,766,357 over the last ninety days. 17.14% of the stock is currently owned by insiders.

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.