SBI Securities Co. Ltd. Makes New $161,000 Investment in Zillow Group, Inc. (NASDAQ:ZG)

SBI Securities Co. Ltd. bought a new position in Zillow Group, Inc. (NASDAQ:ZG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,274 shares of the technology company’s stock, valued at approximately $161,000.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. raised its holdings 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 valued at $30,000 after purchasing an additional 172 shares during the last quarter. Asset Dedication LLC purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $47,000. Jones Financial Companies Lllp raised its holdings 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 valued at $58,000 after purchasing an additional 159 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Zillow Group during the fourth quarter valued at approximately $72,000. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of Zillow Group during the third quarter valued at approximately $95,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the sale, the chief accounting officer now owns 51,370 shares of the company’s stock, valued at $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jun Choo sold 55,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,065 shares of company stock worth $7,660,165. 17.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JMP Securities boosted their price objective on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Barclays upped their target price on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Robert W. Baird started coverage on shares of Zillow Group in a report on Friday, January 31st. They set a “neutral” rating and a $88.00 target price for the company. KeyCorp raised shares of Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 target price for the company in a report on Monday, February 3rd. Finally, Craig Hallum upped their target price on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Zillow Group Stock Performance

Shares of NASDAQ:ZG opened at $72.18 on Friday. The firm has a fifty day moving average price of $75.26 and a 200 day moving average price of $68.63. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of -153.57, a P/E/G ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last issued 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 2.12% and a negative net margin of 5.01%. As a group, research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current 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.