PEAK6 Investments LLC Invests $424,000 in Zillow Group, Inc. (NASDAQ:ZG)

PEAK6 Investments LLC purchased a new position in Zillow Group, Inc. (NASDAQ:ZG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,843 shares of the technology company’s stock, valued at approximately $424,000.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in Zillow Group by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,501 shares of the technology company’s stock worth $1,556,000 after purchasing an additional 1,526 shares during the period. California State Teachers Retirement System increased its stake in shares of Zillow Group by 169.9% during the first quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company’s stock valued at $1,186,000 after buying an additional 15,594 shares during the period. Wedmont Private Capital raised its holdings in shares of Zillow Group by 4.2% in the second quarter. Wedmont Private Capital now owns 12,483 shares of the technology company’s stock valued at $610,000 after acquiring an additional 504 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Zillow Group by 24.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 49,569 shares of the technology company’s stock worth $2,233,000 after acquiring an additional 9,828 shares during the period. Finally, Raymond James & Associates grew its holdings in Zillow Group by 7.0% during the 2nd quarter. Raymond James & Associates now owns 193,023 shares of the technology company’s stock worth $8,694,000 after acquiring an additional 12,616 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Craig Hallum upped their price target on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wedbush upgraded Zillow Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $50.00 to $80.00 in a report on Monday, September 16th. Royal Bank of Canada lifted their price target on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Cantor Fitzgerald restated a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a research note on Monday, October 7th. Finally, Canaccord Genuity Group lifted their target price on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.94.

Insider Transactions at Zillow Group

In other news, Director Amy Bohutinsky sold 20,625 shares of Zillow Group stock in a transaction that occurred on 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 transaction, the director now directly owns 5,652 shares of the company’s stock, valued at $379,983.96. The trade was a 78.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO David A. Beitel sold 56,750 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the sale, the chief technology officer now directly owns 92 shares in the company, valued at $6,659.88. This trade represents a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,591 shares of company stock worth $11,892,886 over the last 90 days. 17.14% of the stock is currently owned by company insiders.

Zillow Group Trading Up 0.3 %

NASDAQ ZG opened at $80.89 on Wednesday. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $83.67. The company has a fifty day simple moving average of $65.89 and a two-hundred day simple moving average of $54.52.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) EPS. On average, equities research analysts expect that Zillow Group, Inc. will post -0.33 earnings per share for the current 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.