Thrivent Financial for Lutherans Lowers Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Thrivent Financial for Lutherans cut its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 36.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mirabella Financial Services LLP acquired a new stake in shares of Zillow Group in the 3rd quarter valued at about $11,351,000. JPMorgan Chase & Co. raised its position in shares of Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company's stock worth $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Zillow Group by 28.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company's stock worth $1,753,000 after purchasing an additional 5,539 shares in the last quarter. Geode Capital Management LLC grew its position in Zillow Group by 3.3% in the 3rd 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 during the period. Finally, Virtu Financial LLC increased its stake in Zillow Group by 132.1% during the 3rd 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 in the last quarter. 20.32% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,065 shares of company stock valued at $7,660,165 over the last three months. Insiders own 17.14% of the company's stock.

Zillow Group Stock Performance

Zillow Group stock traded down $0.34 during midday trading on Tuesday, hitting $71.97. 242,327 shares of the company's stock were exchanged, compared to its average volume of 577,473. The stock has a 50-day moving average price of $75.07 and a two-hundred day moving average price of $70.22. The company has a market cap of $17.46 billion, a P/E ratio of -153.09, a PEG ratio of 8.90 and a beta of 2.33. 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 issued its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (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%. As a group, sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZG has been the subject of a number of analyst reports. Robert W. Baird initiated coverage on shares of Zillow Group in a report on Friday, January 31st. They set a "neutral" rating and a $88.00 price objective for the company. Stephens reissued an "overweight" rating and set a $73.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. UBS Group raised their target price on Zillow Group from $90.00 to $98.00 and gave the company a "buy" rating in a report on Monday, January 27th. JMP Securities increased their price target on Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a research report on Monday, December 16th. Finally, KeyCorp reduced their target price 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 investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $82.25.

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.