Cibc World Markets Corp Has $1.12 Million Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Cibc World Markets Corp increased its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 10.2% during the fourth quarter, HoldingsChannel reports. The fund owned 15,810 shares of the technology company’s stock after acquiring an additional 1,467 shares during the quarter. Cibc World Markets Corp’s holdings in Zillow Group were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ZG. Blue Trust Inc. lifted its position in shares of Zillow Group by 70.2% in 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 during the period. Asset Dedication LLC bought a new position in Zillow Group in the fourth quarter worth $47,000. Assetmark Inc. boosted its stake in 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 buying an additional 755 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after buying an additional 159 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Zillow Group in the 4th quarter valued at $63,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the sale, the insider now directly owns 127,467 shares in the company, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,065 shares of company stock worth $7,660,165. Insiders own 17.14% of the company’s stock.

Zillow Group Stock Up 0.7 %

Zillow Group stock opened at $69.78 on Friday. The business’s 50-day simple moving average is $74.99 and its 200 day simple moving average is $69.83. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of -148.47, a P/E/G ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results 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 return on equity of 2.12% and a negative net margin of 5.01%. As a group, sell-side analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on ZG shares. JMP Securities upped their target price on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. UBS Group increased their target price on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Susquehanna boosted their price target on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Robert W. Baird assumed coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a “neutral” rating and a $88.00 target price on the stock. One equities 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 company’s stock. According to data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average target price of $82.25.

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.