Long Corridor Asset Management Ltd Acquires 3,146 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Long Corridor Asset Management Ltd increased its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 5.6% during the fourth quarter, Holdings Channel reports. The fund owned 59,395 shares of the technology company’s stock after acquiring an additional 3,146 shares during the quarter. Zillow Group comprises about 3.2% of Long Corridor Asset Management Ltd’s holdings, making the stock its 11th biggest holding. Long Corridor Asset Management Ltd’s holdings in Zillow Group were worth $4,208,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ZG. Blue Trust Inc. boosted its holdings in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares during the period. Asset Dedication LLC acquired a new stake in Zillow Group during the 4th quarter worth approximately $47,000. Assetmark Inc. boosted its stake in Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after purchasing an additional 755 shares during the period. Jones Financial Companies Lllp boosted its stake in Zillow Group by 24.0% in 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 during the period. Finally, Daiwa Securities Group Inc. acquired a new position in Zillow Group in the 4th quarter valued at $63,000. Institutional investors own 20.32% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jun Choo sold 1,277 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 $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 6,967 shares of the company’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 $541,475.24. Following the sale, the insider now directly owns 127,467 shares in the company, valued at approximately $9,906,735.24. This trade represents a 5.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,065 shares of company stock valued at $7,660,165. Corporate insiders own 17.14% of the company’s stock.

Zillow Group Stock Up 3.6 %

Shares of NASDAQ ZG opened at $72.30 on Tuesday. The company has a market capitalization of $17.54 billion, a PE ratio of -153.83, a P/E/G ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The firm has a fifty day simple moving average of $75.07 and a 200 day simple moving average of $70.22.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZG has been the subject of a number of recent research reports. KeyCorp reduced their target price on shares of Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Stephens reiterated an “overweight” rating and issued a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Susquehanna upped their target price on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Robert W. Baird began coverage on Zillow Group in a research report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price target on the stock. Finally, JMP Securities upped their price objective on shares of Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.