Interval Partners LP Purchases Shares of 68,509 Zillow Group, Inc. (NASDAQ:ZG)

Interval Partners LP purchased a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 68,509 shares of the technology company’s stock, valued at approximately $4,854,000.

Other hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC raised its position in Zillow Group by 13.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after buying an additional 138 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Zillow Group by 24.0% during the 4th 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 in the last quarter. Blue Trust Inc. increased its holdings in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Zillow Group during the 4th quarter valued at approximately $27,000. Finally, Barrier Capital Management LLC increased its holdings in shares of Zillow Group by 0.4% during the 4th quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company’s stock valued at $7,879,000 after purchasing an additional 400 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Trading Up 0.0%

Shares of ZG stock opened at $66.78 on Monday. The company’s 50-day moving average price is $66.35 and its 200-day moving average price is $71.32. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of -142.09, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a twelve month low of $38.40 and a twelve month high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The firm had revenue of $598.00 million for the quarter, compared to analyst estimates of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. As a group, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

ZG has been the subject of several recent research reports. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Citigroup cut their target price on shares of Zillow Group from $98.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. 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 target on the stock. Finally, Wells Fargo & Company assumed coverage on shares of Zillow Group in a research note on Monday, April 28th. They issued a “mixed” rating and a $62.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.80.

Insider Activity at Zillow Group

In other Zillow Group news, 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 transaction of $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. This represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was 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 in the company, valued at $3,878,435. This trade represents a 10.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,919 shares of company stock worth $5,744,978. Company insiders own 17.14% of the company’s stock.

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.