American Century Companies Inc. Cuts Stake in Zillow Group, Inc. (NASDAQ:ZG)

American Century Companies Inc. decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,844 shares of the technology company's stock after selling 9,824 shares during the period. American Century Companies Inc.'s holdings in Zillow Group were worth $414,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ZG. JPMorgan Chase & Co. increased its position in shares of Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock valued at $2,060,000 after acquiring an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Zillow Group by 28.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock worth $1,753,000 after acquiring an additional 5,539 shares during the period. Victory Capital Management Inc. grew its holdings in Zillow Group by 136.3% during the 4th quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company's stock valued at $1,628,000 after buying an additional 13,255 shares in the last quarter. Virtu Financial LLC increased its holdings in Zillow Group by 132.1% during the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company's stock worth $12,929,000 after acquiring an additional 118,830 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company's stock worth $63,523,000 after buying an additional 32,766 shares in the last quarter. 20.32% of the stock is owned by institutional investors.

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Zillow Group Price Performance

NASDAQ:ZG traded down $2.34 during mid-day trading on Wednesday, hitting $60.72. 124,601 shares of the company's stock were exchanged, compared to its average volume of 577,511. The business has a fifty day moving average price of $70.60 and a 200 day moving average price of $70.72. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58. The company has a market cap of $14.73 billion, a PE ratio of -129.19, a P/E/G ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, equities analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This represents a 1.96 % 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 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 $99,248.44. Following the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,750,215.16. The trade was a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock worth $7,869,478 over the last quarter. 17.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ZG has been the topic of several research reports. DA Davidson reissued a "buy" rating and set a $90.00 price target on shares of Zillow Group in a research note on Friday, April 11th. Piper Sandler lowered their price target on shares of Zillow Group from $93.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $88.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Robert W. Baird began coverage on Zillow Group in a research note on Friday, January 31st. They issued a "neutral" rating and a $88.00 target price for the company. Finally, Baird R W upgraded Zillow Group to a "hold" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.05.

Zillow Group Company 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.