Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,265 shares of the technology company's stock after selling 3,460 shares during the period. Rhumbline Advisers' holdings in Zillow Group were worth $3,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC bought a new stake in shares of Zillow Group in the 4th quarter valued at about $47,000. Versant Capital Management Inc bought a new stake in shares of Zillow Group in the 4th quarter valued at about $72,000. Pinpoint Asset Management Ltd bought a new stake in shares of Zillow Group in the 3rd quarter valued at about $95,000. Finally, Avanza Fonder AB bought a new stake in shares of Zillow Group in the 4th quarter valued at about $234,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Trading Up 3.2 %

Shares of ZG stock traded up $2.36 during trading hours on Wednesday, hitting $75.15. The company's stock had a trading volume of 613,490 shares, compared to its average volume of 597,221. The company has a 50 day moving average of $75.23 and a 200 day moving average of $68.58. The stock has a market cap of $18.23 billion, a PE ratio of -159.89, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58.

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Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings data 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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZG has been the subject of several recent research reports. Benchmark boosted their price target on shares of Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. KeyCorp upgraded shares of Zillow Group from a "sector weight" rating to an "overweight" rating and set a $100.00 price target for the company in a report on Monday, February 3rd. Royal Bank of Canada restated an "outperform" rating and issued a $88.00 price target on shares of Zillow Group in a report on Wednesday, February 12th. JMP Securities boosted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Finally, Bank of America boosted their price target on shares of Zillow Group from $81.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and an average price target of $83.00.

Insider Buying and Selling

In related news, COO Jun Choo sold 55,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $157,443.75. Following the transaction, the chief technology officer now owns 151,046 shares of the company's stock, valued at $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,098 shares of company stock valued at $7,911,237. Corporate insiders own 17.14% of the company's stock.

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.