Mirabella Financial Services LLP Invests $11.35 Million in Zillow Group, Inc. (NASDAQ:ZG)

Mirabella Financial Services LLP bought a new stake in shares of Zillow Group, Inc. (NASDAQ:ZG) in the third quarter, Holdings Channel reports. The fund bought 183,294 shares of the technology company’s stock, valued at approximately $11,351,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of Zillow Group by 148.6% during the 1st quarter. Russell Investments Group Ltd. now owns 31,934 shares of the technology company’s stock worth $1,528,000 after purchasing an additional 19,087 shares during the period. EntryPoint Capital LLC acquired a new stake in Zillow Group during the first quarter valued at $53,000. Price T Rowe Associates Inc. MD grew its position in Zillow Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,501 shares of the technology company’s stock valued at $1,556,000 after buying an additional 1,526 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Zillow Group in the first quarter valued at $1,597,000. Finally, California State Teachers Retirement System raised its position in shares of Zillow Group by 169.9% in the first quarter. California State Teachers Retirement System now owns 24,773 shares of the technology company’s stock worth $1,186,000 after acquiring an additional 15,594 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jeremy Hofmann sold 7,155 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $56.89, for a total transaction of $407,047.95. Following the completion of the transaction, the chief financial officer now directly owns 111,239 shares of the company’s stock, valued at approximately $6,328,386.71. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were 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. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 160,419 shares of company stock valued at $11,371,413. 17.14% of the stock is currently owned by company insiders.

Zillow Group Stock Up 1.9 %

ZG stock opened at $80.79 on Monday. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $81.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The business has a 50 day simple moving average of $63.67 and a 200-day simple moving average of $52.89.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million for the quarter, compared to analysts’ expectations of $555.45 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The company’s revenue was up 17.1% compared to the same quarter last year. Sell-side analysts anticipate that Zillow Group, Inc. will post -0.33 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ZG shares. Piper Sandler restated an “overweight” rating and set a $73.00 target price (up from $62.00) on shares of Zillow Group in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Evercore ISI boosted their price objective on Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Craig Hallum increased their target price on Zillow Group from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Barclays lifted their price target on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.18.

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.