25,224 Shares in Zillow Group, Inc. (NASDAQ:ZG) Acquired by Avitas Wealth Management LLC

Avitas Wealth Management LLC acquired a new stake in Zillow Group, Inc. (NASDAQ:ZG) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 25,224 shares of the technology company’s stock, valued at approximately $1,562,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new stake in shares of Zillow Group in the third quarter worth about $29,000. Fidelis Capital Partners LLC purchased a new stake in Zillow Group in the 1st quarter worth approximately $32,000. EntryPoint Capital LLC bought a new stake in shares of Zillow Group in the 1st quarter worth approximately $53,000. Signaturefd LLC increased its stake in shares of Zillow Group by 29.7% during the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock valued at $71,000 after buying an additional 360 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

ZG has been the subject of a number of research analyst reports. Craig Hallum raised their price target on Zillow Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Zillow Group in a research report on Tuesday, October 22nd. DA Davidson boosted their price target on shares of Zillow Group from $52.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Barclays increased their price target on shares of Zillow Group from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Thursday, August 8th. Finally, Susquehanna lifted their price objective on Zillow Group from $42.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.53.

Insider Buying and Selling

In related news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the sale, the director now owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Jennifer Rock sold 4,050 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at approximately $3,923,335.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy Bohutinsky sold 20,625 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total transaction of $1,386,618.75. Following the completion of the sale, the director now directly owns 5,652 shares of the company’s stock, valued at approximately $379,983.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,999 shares of company stock worth $11,780,363. Corporate insiders own 17.14% of the company’s stock.

Zillow Group Price Performance

NASDAQ:ZG opened at $56.48 on Wednesday. The business’s 50-day simple moving average is $58.45 and its two-hundred day simple moving average is $49.54. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 52 week low of $33.23 and a 52 week high of $66.75. The stock has a market cap of $13.34 billion, a PE ratio of -81.86 and a beta of 2.01.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The business had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. During the same quarter last year, the business posted ($0.05) EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, analysts forecast that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Zillow Group Company 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.