Zillow Group, Inc. (NASDAQ:ZG) Short Interest Update

Zillow Group, Inc. (NASDAQ:ZG) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 876,700 shares, a growth of 23.9% from the January 31st total of 707,600 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 508,000 shares, the days-to-cover ratio is presently 1.7 days.

Insider Activity

In related news, CAO Jennifer Rock sold 3,033 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the sale, the chief accounting officer now directly owns 57,166 shares of the company’s stock, valued at $4,732,201.48. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares of the company’s stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,098 shares of company stock valued at $7,911,237 in the last ninety days. 17.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zillow Group

Several institutional investors have recently bought and sold shares of ZG. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Zillow Group during the fourth quarter worth $27,000. Blue Trust Inc. lifted its position in shares of Zillow Group by 70.2% during the fourth 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 purchased a new stake in shares of Zillow Group during the fourth quarter worth $47,000. Assetmark Inc. lifted its position in shares of Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after acquiring an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after acquiring an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Analyst Ratings Changes

ZG has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted 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. Evercore ISI boosted their price objective on Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Canaccord Genuity Group boosted their price objective on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Bank of America boosted their price objective on Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Stephens reissued an “overweight” rating and set a $73.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Zillow Group Trading Up 3.2 %

Zillow Group stock opened at $75.15 on Thursday. Zillow Group has a 12 month low of $38.06 and a 12 month high of $86.58. The business’s 50 day simple moving average is $75.23 and its 200 day simple moving average is $68.58. The company has a market cap of $18.23 billion, a price-to-earnings ratio of -159.89, a PEG ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities research analysts forecast that Zillow Group will post 0.32 earnings per share 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.