California Public Employees Retirement System Increases Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

California Public Employees Retirement System increased its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,332 shares of the technology company's stock after acquiring an additional 6,951 shares during the period. California Public Employees Retirement System owned about 0.06% of Zillow Group worth $9,376,000 as of its most recent SEC filing.

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

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Insider Buying and Selling

In related news, CFO Jeremy Hofmann sold 1,612 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the transaction, the chief financial officer now directly owns 99,362 shares in the company, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jun Choo sold 1,277 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock worth $7,869,478 in the last 90 days. Insiders own 17.14% of the company's stock.

Zillow Group Trading Down 0.9 %

ZG traded down $0.56 during trading on Friday, reaching $60.28. The stock had a trading volume of 583,697 shares, compared to its average volume of 579,402. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of -128.26, a P/E/G ratio of 8.90 and a beta of 2.22. The stock's 50 day moving average is $71.45 and its two-hundred day moving average is $70.74. Zillow Group, Inc. has a one year low of $38.06 and a one year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings results 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 return on equity of 2.12% and a negative net margin of 5.01%. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their target price on Zillow Group from $95.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. DA Davidson reiterated a "buy" rating and issued a $90.00 price objective on shares of Zillow Group in a research report on Friday. Piper Sandler dropped their price objective on Zillow Group from $93.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Stephens reaffirmed an "overweight" rating and issued a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Zillow Group has a consensus rating of "Moderate Buy" and an average price target of $81.60.

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.