29,913 Shares in Zillow Group, Inc. (NASDAQ:ZG) Bought by MFG Wealth Management Inc.

MFG Wealth Management Inc. acquired a new stake in Zillow Group, Inc. (NASDAQ:ZG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 29,913 shares of the technology company’s stock, valued at approximately $2,119,000. Zillow Group makes up about 1.9% of MFG Wealth Management Inc.’s portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZG. Blue Trust Inc. grew its stake in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares in the last quarter. Asset Dedication LLC acquired a new position in Zillow Group during the fourth quarter worth $47,000. Versant Capital Management Inc bought a new position in Zillow Group in the fourth quarter valued at $72,000. GAMMA Investing LLC increased its stake in Zillow Group by 86.7% in the 3rd 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 last quarter. Finally, Pinpoint Asset Management Ltd bought a new stake in Zillow Group during the 3rd quarter worth about $95,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. This represents a 19.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO David A. Beitel sold 56,750 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the transaction, the chief technology officer now owns 92 shares of the company’s stock, valued at $6,659.88. The trade was a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,730 shares of company stock valued at $10,896,034 in the last quarter. Company insiders own 17.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ZG shares. Canaccord Genuity Group raised their price objective on Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Robert W. Baird began coverage on Zillow Group in a research note on Friday, January 31st. They issued a “neutral” rating and a $88.00 price target for the company. The Goldman Sachs Group boosted their price target on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price objective on shares of Zillow Group in a report on Wednesday. Finally, Stephens restated an “overweight” rating and set a $73.00 target price on shares of Zillow Group in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.95.

Zillow Group Stock Down 10.7 %

NASDAQ:ZG opened at $74.87 on Thursday. The stock has a 50 day simple moving average of $75.68 and a 200 day simple moving average of $65.73. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. As a group, research analysts expect that Zillow Group, Inc. will post -0.42 earnings per share for the current fiscal year.

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.