Wellington Management Group LLP Trims Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Wellington Management Group LLP cut its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 27.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 425,635 shares of the technology company's stock after selling 158,368 shares during the quarter. Wellington Management Group LLP owned 0.18% of Zillow Group worth $30,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. 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 worth $30,000 after purchasing an additional 172 shares in the last quarter. Asset Dedication LLC bought a new stake in shares of Zillow Group during the fourth quarter worth about $47,000. Assetmark Inc. increased its stake in shares of 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 buying an additional 755 shares during the period. Jones Financial Companies Lllp raised its holdings in 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 buying an additional 159 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Zillow Group during the 4th quarter worth approximately $63,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZG. UBS Group decreased their price target on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a research report on Friday. Keefe, Bruyette & Woods upgraded Zillow Group to a "hold" rating in a report on Friday, March 28th. Piper Sandler lowered their price target on shares of Zillow Group from $93.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Bank of America upped their price objective on shares of Zillow Group from $81.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, DA Davidson restated a "buy" rating and issued a $90.00 target price on shares of Zillow Group in a report on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $81.60.

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Zillow Group Stock Down 0.9 %

Zillow Group stock traded down $0.56 during midday trading on Friday, hitting $60.28. 583,697 shares of the stock were exchanged, compared to its average volume of 579,402. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of -128.26, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58. The business's 50-day moving average price is $71.45 and its 200-day moving average price is $70.74.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share 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%. On average, sell-side analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now directly owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer Rock sold 5,796 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now directly owns 51,370 shares of the company's stock, valued at $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock worth $7,869,478 in the last quarter. 17.14% of the stock is currently owned by company 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.