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

Zillow Group, Inc. (NASDAQ:ZG) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,580,000 shares, an increase of 42.3% from the February 28th total of 1,110,000 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 604,700 shares, the short-interest ratio is currently 2.6 days.

Insider Buying and Selling at Zillow Group

In other news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 55,000 shares of Zillow Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,790,167.54. This trade represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,919 shares of company stock worth $7,869,478. Insiders own 17.14% of the company’s stock.

Institutional Trading of Zillow Group

Hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC boosted its stake in shares of Zillow Group by 13.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock valued at $84,000 after purchasing an additional 138 shares during the period. Jones Financial Companies Lllp grew 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 worth $58,000 after acquiring an additional 159 shares during the last quarter. Blue Trust Inc. increased its position in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after acquiring an additional 172 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Zillow Group during the fourth quarter valued at about $27,000. Finally, Barrier Capital Management LLC boosted its holdings in shares of Zillow Group by 0.4% during the fourth quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company’s stock worth $7,879,000 after purchasing an additional 400 shares during the period. 20.32% of the stock is owned by institutional investors.

Zillow Group Trading Down 0.5 %

ZG opened at $66.86 on Tuesday. The stock has a market capitalization of $16.22 billion, a P/E ratio of -142.26, a PEG ratio of 8.90 and a beta of 2.33. Zillow Group has a 12-month low of $38.06 and a 12-month high of $86.58. The stock has a 50-day moving average price of $74.68 and a 200-day moving average price of $70.77.

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 analysts’ consensus estimates 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%. On average, equities research analysts predict that Zillow Group will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ZG. Evercore ISI upped their price target on Zillow Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. UBS Group increased their target price on shares of Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Stephens reiterated an “overweight” rating and issued a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. DA Davidson upped their price target on shares of Zillow Group from $75.00 to $90.00 and gave the company a “buy” rating 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 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

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.