Zillow Group, Inc. (NASDAQ:ZG) Shares Purchased by Brinker Capital Investments LLC

Posted by on May 6th, 2023

Brinker Capital Investments LLC lifted its position in Zillow Group, Inc. (NASDAQ:ZG – Get Rating) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,634 shares of the technology company’s stock after acquiring an additional 283 shares during the period. Brinker Capital Investments LLC’s holdings in Zillow Group were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Tabor Asset Management LP boosted its stake in Zillow Group by 78.3% during the third quarter. Tabor Asset Management LP now owns 170,154 shares of the technology company’s stock worth $4,872,000 after buying an additional 74,711 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in Zillow Group by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 13,725 shares of the technology company’s stock worth $393,000 after buying an additional 500 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Zillow Group by 4.5% during the third quarter. Nisa Investment Advisors LLC now owns 21,850 shares of the technology company’s stock worth $627,000 after buying an additional 950 shares during the last quarter. Twinbeech Capital LP acquired a new position in Zillow Group during the third quarter worth $2,822,000. Finally, Blueshift Asset Management LLC boosted its stake in Zillow Group by 32.9% during the third quarter. Blueshift Asset Management LLC now owns 45,777 shares of the technology company’s stock worth $1,311,000 after buying an additional 11,325 shares during the last quarter. 20.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on ZG. Zelman & Associates raised Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 27th. DA Davidson upped their price target on Zillow Group from $41.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Sanford C. Bernstein raised Zillow Group from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $35.00 to $45.00 in a research report on Monday, May 1st. The Goldman Sachs Group upped their target price on shares of Zillow Group from $31.50 to $36.00 and gave the company a “neutral” rating in a research report on Friday, February 17th. Finally, Piper Sandler lifted their price target on shares of Zillow Group from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.48.

Insider Buying and Selling

In related news, CAO Jennifer Rock sold 6,800 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $43.01, for a total transaction of $292,468.00. Following the sale, the chief accounting officer now directly owns 86,961 shares in the company, valued at $3,740,192.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zillow Group news, COO Jeremy Wacksman sold 15,492 shares of the stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $46.99, for a total value of $727,969.08. Following the transaction, the chief operating officer now directly owns 26,166 shares in the company, valued at $1,229,540.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 6,800 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $43.01, for a total transaction of $292,468.00. Following the completion of the transaction, the chief accounting officer now owns 86,961 shares in the company, valued at $3,740,192.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,822 shares of company stock worth $2,382,409. Company insiders own 18.52% of the company’s stock.

Zillow Group Trading Up 4.3 %

Shares of ZG opened at $47.86 on Friday. Zillow Group, Inc. has a 1 year low of $26.21 and a 1 year high of $48.48. The company has a current ratio of 12.70, a quick ratio of 13.34 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $42.45 and a 200-day simple moving average of $38.90.

Zillow Group (NASDAQ:ZG – Get Rating) last released its earnings results on Wednesday, February 15th. The technology company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.04. Zillow Group had a negative net margin of 5.80% and a negative return on equity of 2.19%. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $414.39 million. As a group, equities analysts forecast that Zillow Group, Inc. will post -0.72 earnings per share for the current year.

Zillow Group Profile

(Get Rating)

Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.

See Also

Want to see what other hedge funds are holding ZG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:ZG – Get Rating).

Institutional Ownership by Quarter for Zillow Group (NASDAQ:ZG)

Receive News & Ratings for Zillow Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zillow Group and related companies with MarketBeat.com's FREE daily email newsletter.