Amundi Sells 41,494 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Amundi lessened its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 39.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 63,024 shares of the technology company's stock after selling 41,494 shares during the quarter. Amundi's holdings in Zillow Group were worth $4,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ZG. Lisanti Capital Growth LLC acquired a new stake in shares of Zillow Group during the fourth quarter valued at about $992,000. Raymond James Financial Inc. acquired a new stake in Zillow Group during the 4th quarter worth approximately $14,916,000. Proficio Capital Partners LLC acquired a new stake in Zillow Group during the 4th quarter worth approximately $1,807,000. M&T Bank Corp grew its holdings in Zillow Group by 25.0% during the 4th quarter. M&T Bank Corp now owns 5,222 shares of the technology company's stock worth $370,000 after acquiring an additional 1,045 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after acquiring an additional 755 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CAO Jennifer Rock sold 5,796 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $84.98, for a total value of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at approximately $8,443,782.76. This trade represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,065 shares of company stock worth $7,660,165 over the last three months. 17.14% of the stock is owned by insiders.

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Zillow Group Stock Up 1.5 %

NASDAQ:ZG traded up $1.03 during mid-day trading on Wednesday, hitting $68.84. 385,551 shares of the stock traded hands, compared to its average volume of 582,202. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58. The company has a market cap of $16.70 billion, a PE ratio of -146.47, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. The business's 50-day moving average price is $74.93 and its 200 day moving average price is $69.72.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) 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%. Analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI raised their target price on Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Stephens reiterated an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Bank of America raised their price target on shares of Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Citigroup upped their price objective on shares of Zillow Group from $95.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group boosted their target price on shares of Zillow Group from $64.00 to $86.00 and gave the company a "hold" rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.