Long Corridor Asset Management Ltd Buys 3,146 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Long Corridor Asset Management Ltd raised its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,395 shares of the technology company’s stock after purchasing an additional 3,146 shares during the period. Zillow Group accounts for 3.2% of Long Corridor Asset Management Ltd’s portfolio, making the stock its 11th largest holding. Long Corridor Asset Management Ltd’s holdings in Zillow Group were worth $4,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Trust N.A. increased its position in Zillow Group by 19.0% in the 3rd quarter. Raymond James Trust N.A. now owns 15,674 shares of the technology company’s stock worth $971,000 after buying an additional 2,500 shares during the period. Mirabella Financial Services LLP acquired a new stake in Zillow Group in the 3rd quarter worth $11,351,000. Bank of Montreal Can increased its holdings in shares of Zillow Group by 85.1% during the 3rd quarter. Bank of Montreal Can now owns 140,252 shares of the technology company’s stock worth $8,903,000 after purchasing an additional 64,473 shares during the period. Cynosure Group LLC acquired a new position in shares of Zillow Group during the third quarter valued at about $12,248,000. Finally, CreativeOne Wealth LLC lifted its stake in shares of Zillow Group by 164.4% in the third quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock valued at $11,129,000 after buying an additional 111,743 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ZG shares. Benchmark boosted their price target on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Susquehanna upped their target price on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Citigroup lifted their price target on shares of Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. UBS Group increased their price objective on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Cantor Fitzgerald lifted their target price on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $82.25.

Zillow Group Trading Up 3.6 %

Zillow Group stock opened at $72.30 on Tuesday. The company has a market cap of $17.54 billion, a PE ratio of -153.83, a PEG ratio of 8.90 and a beta of 2.33. The company’s 50-day moving average is $75.07 and its two-hundred day moving average is $70.22. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (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%. Research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 6,967 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the transaction, the insider now owns 127,467 shares in the company, valued at $9,906,735.24. This trade represents a 5.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total value of $99,248.44. Following the sale, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,065 shares of company stock worth $7,660,165. 17.14% of the stock is owned by corporate insiders.

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.