Baillie Gifford & Co. Buys 509 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Baillie Gifford & Co. raised its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,025 shares of the technology company’s stock after acquiring an additional 509 shares during the period. Baillie Gifford & Co.’s holdings in Zillow Group were worth $6,520,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in 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 acquiring an additional 172 shares in the last quarter. Asset Dedication LLC bought a new position in Zillow Group during the 4th quarter valued at $47,000. Versant Capital Management Inc bought a new position in Zillow Group during the 4th quarter valued at $72,000. Pinpoint Asset Management Ltd bought a new position in Zillow Group during the 3rd quarter valued at $95,000. Finally, Allworth Financial LP lifted its stake in Zillow Group by 585.5% during the 4th quarter. Allworth Financial LP now owns 3,112 shares of the technology company’s stock valued at $237,000 after acquiring an additional 2,658 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Stock Performance

NASDAQ:ZG opened at $77.30 on Wednesday. The business has a 50 day moving average of $75.51 and a 200 day moving average of $66.72. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of -135.61, a PEG ratio of 15.65 and a beta of 2.09. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. On average, sell-side analysts predict that Zillow Group, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 3,033 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total value of $251,071.74. Following the transaction, the chief accounting officer now owns 57,166 shares of the company’s stock, valued at approximately $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jun Choo sold 1,277 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 $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,838 shares of company stock worth $4,617,389. 17.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ZG shares. Stephens reiterated an “overweight” rating and set a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Craig Hallum lifted their target price on Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Piper Sandler lowered their target price on Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Canaccord Genuity Group lifted their target price on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Finally, Susquehanna lifted their target price on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $83.00.

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.