Vanguard Group Inc. Decreases Stake in Zillow Group, Inc. (NASDAQ:ZG)

Vanguard Group Inc. cut its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,945,000 shares of the technology company's stock after selling 98,005 shares during the period. Vanguard Group Inc. owned 2.97% of Zillow Group worth $492,053,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ZG. Jones Financial Companies Lllp raised its stake 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. Blue Trust Inc. increased its holdings 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 purchasing an additional 172 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Zillow Group by 0.6% in the 4th quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company's stock valued at $6,520,000 after purchasing an additional 509 shares during the last quarter. Ieq Capital LLC raised its position in Zillow Group by 4.9% in the fourth quarter. Ieq Capital LLC now owns 12,123 shares of the technology company's stock valued at $859,000 after purchasing an additional 566 shares during the period. Finally, Asset Dedication LLC acquired a new position in Zillow Group during the fourth quarter worth $47,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jun Choo sold 1,277 shares of the 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 completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total value of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 98,919 shares of company stock valued at $7,869,478. Insiders own 17.14% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JMP Securities boosted their price objective on Zillow Group from $82.00 to $92.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Benchmark boosted their price target on shares of Zillow Group from $80.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods raised shares of Zillow Group to a "hold" rating in a research note on Friday, March 28th. Robert W. Baird assumed coverage on shares of Zillow Group in a report on Friday, January 31st. They issued a "neutral" rating and a $88.00 price objective for the company. Finally, DA Davidson increased their target price on shares of Zillow Group from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $82.25.

Zillow Group Stock Down 4.1 %

ZG traded down $2.89 on Thursday, reaching $66.86. The company's stock had a trading volume of 552,144 shares, compared to its average volume of 571,165. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $86.58. The stock has a 50 day moving average of $74.22 and a two-hundred day moving average of $70.80. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of -142.26, a P/E/G ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced 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%. As a group, analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.