River Global Investors LLP Lowers Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

River Global Investors LLP reduced its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 41.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,524 shares of the technology company's stock after selling 16,695 shares during the period. River Global Investors LLP's holdings in Zillow Group were worth $1,666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of 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 last quarter. Asset Dedication LLC bought a new stake in Zillow Group during the fourth quarter worth $47,000. Assetmark Inc. lifted its stake in Zillow Group by 18,875.0% in 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. Jones Financial Companies Lllp grew its position in shares of Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after acquiring an additional 159 shares during the period. Finally, Versant Capital Management Inc acquired a new position in shares of Zillow Group during the 4th quarter worth about $72,000. 20.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZG has been the subject of several recent analyst reports. Robert W. Baird initiated coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a "neutral" rating and a $88.00 target price for the company. JMP Securities lifted their target price on Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a research note on Monday, December 16th. Stephens restated an "overweight" rating and issued a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Citigroup raised their price target on Zillow Group from $95.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Craig Hallum upped their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Zillow Group presently has an average rating of "Moderate Buy" and an average target price of $83.00.

Remove Ads

Zillow Group Price Performance

NASDAQ ZG traded up $1.49 during trading hours on Wednesday, reaching $69.91. 466,297 shares of the company's stock traded hands, compared to its average volume of 599,459. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58. The firm has a 50-day simple moving average of $75.18 and a 200 day simple moving average of $69.24. The firm has a market cap of $16.96 billion, a PE ratio of -148.74, a PEG ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its earnings results 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 return on equity of 2.12% and a negative net margin of 5.01%. Sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Transactions at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the firm'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 transaction, the chief financial officer now owns 99,362 shares of the company's stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,065 shares of company stock worth $7,660,165 in the last 90 days. 17.14% of the stock is currently 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.