Headlands Technologies LLC Sells 6,747 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Headlands Technologies LLC decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 63.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,807 shares of the technology company's stock after selling 6,747 shares during the quarter. Headlands Technologies LLC's holdings in Zillow Group were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ZG. Norges Bank purchased a new stake in Zillow Group during the 4th quarter valued at about $165,326,000. Geode Capital Management LLC lifted its position in Zillow Group by 3.3% in the third 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 last quarter. State Street Corp boosted its stake in shares of Zillow Group by 0.4% during the third quarter. State Street Corp now owns 805,279 shares of the technology company's stock valued at $49,871,000 after purchasing an additional 2,832 shares during the period. Virtu Financial LLC grew its holdings in shares of Zillow Group by 101.3% in the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company's stock worth $29,775,000 after purchasing an additional 211,482 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Zillow Group by 1,261.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock valued at $18,454,000 after buying an additional 241,331 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

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Zillow Group Stock Performance

Shares of NASDAQ ZG traded down $4.33 during trading on Thursday, hitting $60.63. The company had a trading volume of 144,398 shares, compared to its average volume of 578,254. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The firm has a market capitalization of $14.71 billion, a P/E ratio of -129.50, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The stock has a 50 day simple moving average of $72.25 and a 200 day simple moving average of $70.79.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.01% and a negative return on equity of 2.12%. As a group, analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

ZG has been the subject of several recent analyst reports. Susquehanna upped their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Citigroup lifted their price objective on Zillow Group from $95.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Stephens restated an "overweight" rating and set a $73.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. UBS Group lifted their price target on shares of Zillow Group from $90.00 to $98.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, JMP Securities raised their price objective on shares of Zillow Group from $82.00 to $92.00 and gave the stock a "market outperform" rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.25.

Insider Activity

In other news, COO Jun Choo sold 55,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now directly owns 86,853 shares of the company's stock, valued at $6,790,167.54. This represents a 38.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David A. Beitel sold 2,025 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.75, for a total transaction of $157,443.75. Following the completion of the transaction, the chief technology officer now directly owns 151,046 shares of the company's stock, valued at approximately $11,743,826.50. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock worth $7,869,478 over the last quarter. Insiders own 17.14% of the company's stock.

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.