Thrivent Financial for Lutherans Sells 52,531 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Thrivent Financial for Lutherans decreased its position in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 36.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,386 shares of the technology company's stock after selling 52,531 shares during the quarter. Thrivent Financial for Lutherans' holdings in Zillow Group were worth $6,404,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after buying an additional 172 shares during the last quarter. Asset Dedication LLC bought a new position in shares of Zillow Group during the 4th quarter worth about $47,000. Assetmark Inc. raised its position in shares of Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after buying an additional 755 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after buying an additional 159 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in Zillow Group during the fourth quarter worth about $63,000. 20.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ZG shares. Evercore ISI lifted their price objective on Zillow Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Baird R W upgraded shares of Zillow Group to a "hold" rating in a research note on Friday, January 31st. Benchmark lifted their target price on shares of Zillow Group from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Cantor Fitzgerald upped their target price on shares of Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, KeyCorp cut their price target on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $82.25.

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Zillow Group Stock Down 1.8 %

ZG stock traded down $1.28 during midday trading on Thursday, reaching $68.80. The stock had a trading volume of 497,914 shares, compared to its average volume of 574,480. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of -146.38, a PEG ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The business has a fifty day simple moving average of $75.09 and a two-hundred day simple moving average of $70.36.

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

Insider Activity

In other Zillow Group news, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total value of $1,987,512.24. Following the sale, the chief financial officer now directly owns 99,362 shares in the company, valued at approximately $8,443,782.76. This trade represents a 19.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of the company's 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 completion of the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,065 shares of company stock valued at $7,660,165 in the last 90 days. 17.14% of the stock is owned by company insiders.

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.