Silvant Capital Management LLC Has $3.29 Million Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

Silvant Capital Management LLC increased its stake in Zillow Group, Inc. (NASDAQ:ZG) by 24.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,156 shares of the technology company’s stock after purchasing an additional 10,320 shares during the quarter. Silvant Capital Management LLC’s holdings in Zillow Group were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZG. Mark Asset Management LP acquired a new stake in Zillow Group during the 2nd quarter valued at $4,524,000. Selkirk Management LLC raised its position in Zillow Group by 37.4% during the second quarter. Selkirk Management LLC now owns 320,800 shares of the technology company’s stock valued at $14,449,000 after buying an additional 87,300 shares during the period. Garde Capital Inc. lifted its stake in Zillow Group by 132.7% in the 2nd quarter. Garde Capital Inc. now owns 139,805 shares of the technology company’s stock worth $6,297,000 after acquiring an additional 79,733 shares in the last quarter. US Bancorp DE boosted its position in Zillow Group by 42.6% during the 1st quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock worth $11,775,000 after acquiring an additional 73,504 shares during the period. Finally, Virtu Financial LLC boosted its position in Zillow Group by 176.6% during the 2nd quarter. Virtu Financial LLC now owns 89,943 shares of the technology company’s stock worth $4,051,000 after acquiring an additional 57,426 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Stock Down 0.7 %

Shares of ZG stock opened at $57.67 on Friday. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $66.75. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market cap of $13.35 billion, a PE ratio of -94.54 and a beta of 2.02. The stock has a 50 day moving average of $58.73 and a 200-day moving average of $49.76.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The company had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business’s revenue was up 13.0% compared to the same quarter last year. On average, equities analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other news, Director Thielke Claire Cormier sold 2,826 shares of Zillow Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $61.11, for a total transaction of $172,696.86. Following the sale, the director now directly owns 2,826 shares in the company, valued at approximately $172,696.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Zillow Group news, insider Dan Spaulding sold 2,991 shares of Zillow Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $53.18, for a total transaction of $159,061.38. Following the completion of the transaction, the insider now directly owns 70,342 shares of the company’s stock, valued at approximately $3,740,787.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thielke Claire Cormier sold 2,826 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $61.11, for a total transaction of $172,696.86. Following the completion of the sale, the director now directly owns 2,826 shares in the company, valued at approximately $172,696.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,999 shares of company stock worth $11,780,363 over the last 90 days. Corporate insiders own 17.14% of the company’s stock.

Analyst Upgrades and Downgrades

ZG has been the subject of a number of research reports. Citigroup lifted their target price on shares of Zillow Group from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Craig Hallum lifted their price objective on Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Evercore ISI upped their target price on Zillow Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. JMP Securities reaffirmed a “market outperform” rating and set a $62.00 price target on shares of Zillow Group in a research note on Wednesday, October 9th. Finally, Wedbush raised Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $80.00 in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.53.

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.