Great Lakes Advisors LLC Has $16.22 Million Stake in Zillow Group, Inc. (NASDAQ:ZG)

Great Lakes Advisors LLC lifted its position in Zillow Group, Inc. (NASDAQ:ZG) by 2.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 228,934 shares of the technology company’s stock after buying an additional 6,319 shares during the quarter. Great Lakes Advisors LLC’s holdings in Zillow Group were worth $16,220,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. L & S Advisors Inc bought a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $1,579,000. Mirabella Financial Services LLP bought a new stake in shares of Zillow Group in the 3rd quarter valued at approximately $11,351,000. JPMorgan Chase & Co. boosted its position in Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock worth $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. boosted its position in Zillow Group by 28.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock worth $1,753,000 after purchasing an additional 5,539 shares during the period. Finally, Geode Capital Management LLC boosted its position in Zillow Group by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after purchasing an additional 32,766 shares during the period. Institutional investors own 20.32% of the company’s stock.

Zillow Group Trading Up 2.2 %

Shares of NASDAQ ZG opened at $69.91 on Thursday. The business has a fifty day simple moving average of $75.16 and a 200 day simple moving average of $69.25. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of -148.74, a PEG ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its 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, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZG. Stephens reaffirmed an “overweight” rating and set a $73.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Cantor Fitzgerald upped their target price on Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. UBS Group upped their target price on Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 target price on shares of Zillow Group in a research report on Wednesday, February 12th. Finally, Bank of America upped their target price on Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and an average price target of $83.00.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $541,475.24. Following the completion of the transaction, the insider now directly owns 127,467 shares in the company, valued at $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,065 shares of company stock worth $7,660,165 over the last three months. 17.14% of the stock is currently owned by corporate insiders.

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.