Independent Franchise Partners LLP Sells 17,446 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Independent Franchise Partners LLP decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,024,353 shares of the technology company's stock after selling 17,446 shares during the quarter. Zillow Group makes up approximately 1.1% of Independent Franchise Partners LLP's portfolio, making the stock its 21st biggest position. Independent Franchise Partners LLP owned approximately 0.87% of Zillow Group worth $143,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP purchased a new stake in Zillow Group in the third quarter valued at approximately $325,000. State Street Corp increased its position in shares of Zillow Group by 0.4% in the third quarter. State Street Corp now owns 805,279 shares of the technology company's stock valued at $49,871,000 after buying an additional 2,832 shares in the last quarter. M&T Bank Corp acquired a new position in Zillow Group during the third quarter worth about $258,000. Geode Capital Management LLC lifted its holdings 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 valued at $63,523,000 after purchasing an additional 32,766 shares in the last quarter. Finally, Virtu Financial LLC grew its position in shares of Zillow Group by 132.1% in the third quarter. Virtu Financial LLC now owns 208,773 shares of the technology company's stock valued at $12,929,000 after purchasing an additional 118,830 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 1,612 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company's stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock valued at $7,869,478 over the last three months. Company insiders own 17.14% of the company's stock.

Zillow Group Price Performance

Shares of NASDAQ ZG traded up $0.07 during midday trading on Friday, reaching $61.49. 254,715 shares of the company traded hands, compared to its average volume of 577,194. The stock has a 50-day moving average price of $69.66 and a 200 day moving average price of $70.65. The company has a market cap of $14.91 billion, a price-to-earnings ratio of -130.83, a PEG ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 52 week low of $38.06 and a 52 week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates 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%. As a group, analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ZG shares. Cantor Fitzgerald boosted their price target on Zillow Group from $62.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler cut their price objective on shares of Zillow Group from $93.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Robert W. Baird began coverage on Zillow Group in a report on Friday, January 31st. They issued a "neutral" rating and a $88.00 price target for the company. KeyCorp dropped their target price on Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Finally, Susquehanna increased their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $81.05.

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.