Versant Capital Management Inc Buys New Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Versant Capital Management Inc bought a new position in shares of Zillow Group, Inc. (NASDAQ:ZG) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,022 shares of the technology company’s stock, valued at approximately $72,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ZG. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Zillow Group by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after purchasing an additional 421 shares during the period. Creative Planning increased its stake in Zillow Group by 7.2% during the 3rd quarter. Creative Planning now owns 6,537 shares of the technology company’s stock worth $405,000 after acquiring an additional 439 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Zillow Group in the 3rd quarter valued at $29,000. GAMMA Investing LLC grew its holdings in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock worth $75,000 after purchasing an additional 561 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of Zillow Group by 4.8% in the third quarter. Vontobel Holding Ltd. now owns 16,407 shares of the technology company’s stock worth $1,016,000 after purchasing an additional 750 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Stock Up 1.9 %

Shares of ZG opened at $71.40 on Monday. The stock’s 50-day moving average price is $72.73 and its two-hundred day moving average price is $60.07. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $83.67. The company has a market capitalization of $16.68 billion, a PE ratio of -125.26 and a beta of 2.09. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The business had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. During the same period in the prior year, the business posted ($0.12) earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. On average, analysts anticipate that Zillow Group, Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling

In other news, CTO David A. Beitel sold 56,750 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the sale, the chief technology officer now owns 92 shares of the company’s stock, valued at $6,659.88. This trade represents a 99.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan Daimler sold 3,694 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now owns 18,770 shares in the company, valued at $1,388,604.60. The trade was a 16.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,689 shares of company stock valued at $10,395,879 over the last quarter. Insiders own 17.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZG. UBS Group upped their price objective on shares of Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $47.00 price objective on shares of Zillow Group in a research note on Monday, October 7th. Craig Hallum upped 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 lifted their price target on Zillow Group from $73.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, DA Davidson upped their price objective on Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.71.

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.