Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 93.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,917 shares of the technology company's stock after buying an additional 68,984 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Zillow Group worth $8,851,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new stake in Zillow Group during the third quarter valued at approximately $29,000. EntryPoint Capital LLC purchased a new position in shares of Zillow Group in the 1st quarter valued at approximately $53,000. Signaturefd LLC boosted its holdings in shares of Zillow Group by 29.7% in the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company's stock valued at $71,000 after purchasing an additional 360 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Zillow Group by 86.7% during the third quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company's stock worth $75,000 after acquiring an additional 561 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in Zillow Group during the 2nd quarter worth about $202,000. Institutional investors and hedge funds own 20.32% of the company's stock.

Wall Street Analyst Weigh In

ZG has been the subject of several recent analyst reports. Evercore ISI increased their price objective on Zillow Group from $55.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on Zillow Group from $42.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Citigroup boosted their price target on Zillow Group from $58.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, August 8th. UBS Group increased their price objective on Zillow Group from $70.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their price objective on Zillow Group from $66.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $68.18.

Zillow Group Stock Performance

ZG stock traded up $1.53 during midday trading on Friday, reaching $80.79. 459,575 shares of the company's stock traded hands, compared to its average volume of 667,817. The company has a 50-day simple moving average of $63.21 and a two-hundred day simple moving average of $52.46. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.11. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $81.74.

Zillow Group (NASDAQ:ZG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The company had revenue of $581.00 million during the quarter, compared to the consensus estimate of $555.45 million. During the same period last year, the firm earned ($0.12) EPS. Zillow Group's revenue for the quarter was up 17.1% on a year-over-year basis. As a group, research analysts predict that Zillow Group, Inc. will post -0.33 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Bradley D. Owens sold 1,212 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $73.98, for a total value of $89,663.76. Following the sale, the general counsel now owns 31,739 shares of the company's stock, valued at $2,348,051.22. The trade was a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 7,155 shares of Zillow Group stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $56.89, for a total transaction of $407,047.95. Following the completion of the transaction, the chief financial officer now owns 111,239 shares of the company's stock, valued at $6,328,386.71. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 160,419 shares of company stock valued at $11,371,413. 17.14% of the stock is currently owned by insiders.

Zillow Group Company 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.