Vanguard Group Inc. Acquires 1,730,731 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Vanguard Group Inc. increased its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 27.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,054,673 shares of the technology company's stock after acquiring an additional 1,730,731 shares during the quarter. Vanguard Group Inc. owned about 3.45% of Zillow Group worth $456,861,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ZG. Norges Bank purchased a new position in Zillow Group in the fourth quarter worth about $102,096,000. Qube Research & Technologies Ltd increased its position in Zillow Group by 50.5% during the third quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company's stock valued at $42,397,000 after acquiring an additional 317,683 shares during the last quarter. UBS Group AG raised its stake in shares of Zillow Group by 73.0% in the fourth quarter. UBS Group AG now owns 420,170 shares of the technology company's stock valued at $23,832,000 after acquiring an additional 177,265 shares during the period. Berkshire Capital Holdings Inc. boosted its stake in shares of Zillow Group by 1,145,800.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company's stock worth $6,630,000 after purchasing an additional 114,580 shares during the period. Finally, Invesco Ltd. raised its position in Zillow Group by 322.7% in the 3rd quarter. Invesco Ltd. now owns 149,822 shares of the technology company's stock worth $6,711,000 after purchasing an additional 114,377 shares during the period. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Performance

Zillow Group stock traded up $0.17 during mid-day trading on Thursday, reaching $45.38. 386,524 shares of the company traded hands, compared to its average volume of 648,309. Zillow Group, Inc. has a fifty-two week low of $33.23 and a fifty-two week high of $59.23. The firm's fifty day moving average is $42.60 and its two-hundred day moving average is $48.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of -65.70 and a beta of 2.02.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. The firm had revenue of $529.00 million during the quarter, compared to analysts' expectations of $509.30 million. On average, equities research analysts expect that Zillow Group, Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup dropped their price objective on Zillow Group from $68.00 to $58.00 and set a "buy" rating for the company in a report on Thursday, May 2nd. DA Davidson reaffirmed a "buy" rating and set a $52.00 target price on shares of Zillow Group in a research report on Tuesday, June 18th. Canaccord Genuity Group dropped their price objective on Zillow Group from $58.00 to $50.00 and set a "hold" rating on the stock in a research note on Monday, April 29th. Benchmark restated a "buy" rating and set a $60.00 price target on shares of Zillow Group in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Zillow Group from $65.00 to $61.00 and set an "overweight" rating for the company in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $56.67.

Insider Buying and Selling at Zillow Group

In related news, insider Susan Daimler sold 4,931 shares of the business's stock in a transaction on Friday, May 17th. The shares were sold at an average price of $44.29, for a total value of $218,393.99. Following the completion of the transaction, the insider now directly owns 19,556 shares in the company, valued at approximately $866,135.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Jeremy Hofmann sold 8,562 shares of the business's stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $39.05, for a total value of $334,346.10. Following the completion of the sale, the chief financial officer now owns 123,123 shares of the company's stock, valued at approximately $4,807,953.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Daimler sold 4,931 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $44.29, for a total transaction of $218,393.99. Following the transaction, the insider now directly owns 19,556 shares in the company, valued at $866,135.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,041 shares of company stock valued at $2,637,477. 17.14% of the stock is owned by insiders.

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.