Baillie Gifford & Co. Acquires 509 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Baillie Gifford & Co. raised its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 92,025 shares of the technology company’s stock after acquiring an additional 509 shares during the period. Baillie Gifford & Co.’s holdings in Zillow Group were worth $6,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of Zillow Group by 585.5% in the 4th quarter. Allworth Financial LP now owns 3,112 shares of the technology company’s stock valued at $237,000 after acquiring an additional 2,658 shares during the period. ABC Arbitrage SA acquired a new position in Zillow Group during the 4th quarter valued at about $1,265,000. Vontobel Holding Ltd. increased its position in Zillow Group by 4.9% during the 4th quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company’s stock valued at $1,219,000 after buying an additional 801 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in Zillow Group during the 4th quarter valued at about $2,119,000. Finally, Hartline Investment Corp increased its position in Zillow Group by 16.2% during the 4th quarter. Hartline Investment Corp now owns 72,691 shares of the technology company’s stock valued at $5,150,000 after buying an additional 10,154 shares in the last quarter. 20.32% of the stock is owned by institutional investors.

Zillow Group Stock Up 0.5 %

Shares of Zillow Group stock opened at $77.30 on Wednesday. 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, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. The business has a 50-day moving average of $75.51 and a 200-day moving average of $66.72. The company has a market capitalization of $18.05 billion, a PE ratio of -135.61, a P/E/G ratio of 15.65 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) 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, equities analysts forecast that Zillow Group, Inc. will post -0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Jennifer Rock sold 5,796 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at approximately $3,878,435. This trade represents a 10.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares of the company’s stock, valued at $9,906,735.24. This represents a 5.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,838 shares of company stock valued at $4,617,389 over the last quarter. Insiders own 17.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JMP Securities increased their price objective on Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. DA Davidson increased their price objective on Zillow Group from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Bank of America increased their price objective on Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Stephens reissued an “overweight” rating and issued a $73.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $83.00.

Zillow Group 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.