Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,054,673 shares of the technology company’s stock after acquiring an additional 1,730,731 shares during the quarter. Vanguard Group Inc. owned 3.45% of Zillow Group worth $456,861,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ZG. Norges Bank acquired a new position in shares of Zillow Group during the 4th quarter worth $102,096,000. Qube Research & Technologies Ltd raised its stake in Zillow Group by 50.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after purchasing an additional 317,683 shares during the last quarter. UBS Group AG raised its stake in Zillow Group by 73.0% in the 4th quarter. UBS Group AG now owns 420,170 shares of the technology company’s stock valued at $23,832,000 after purchasing an additional 177,265 shares during the last quarter. Berkshire Capital Holdings Inc. raised its stake in Zillow Group by 1,145,800.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company’s stock valued at $6,630,000 after purchasing an additional 114,580 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Zillow Group by 322.7% in the 3rd quarter. Invesco Ltd. now owns 149,822 shares of the technology company’s stock valued at $6,711,000 after purchasing an additional 114,377 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ZG shares. Royal Bank of Canada cut their target price on shares of Zillow Group from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Citigroup cut their target price on shares of Zillow Group from $68.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. JMP Securities lowered their price target on Zillow Group from $68.00 to $62.00 and set a “market outperform” rating for the company in a report on Thursday, May 2nd. JPMorgan Chase & Co. lowered their price target on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Canaccord Genuity Group lowered their price target on Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.67.

Zillow Group Stock Performance

Zillow Group stock opened at $45.21 on Thursday. The stock’s 50 day moving average price is $42.60 and its 200 day moving average price is $48.75. The firm has a market capitalization of $10.68 billion, a PE ratio of -65.52 and a beta of 2.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. Zillow Group, Inc. has a one year low of $33.23 and a one year high of $59.23.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $529.00 million for the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative return on equity of 2.28% and a negative net margin of 7.93%. As a group, sell-side analysts expect that Zillow Group, Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Bradley D. Owens sold 1,373 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total transaction of $60,617.95. Following the transaction, the general counsel now owns 40,194 shares of the company’s stock, valued at $1,774,565.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Susan Daimler sold 4,931 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $44.29, for a total value of $218,393.99. Following the completion of the sale, the insider now directly owns 19,556 shares in the company, valued at approximately $866,135.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Bradley D. Owens sold 1,373 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total value of $60,617.95. Following the completion of the sale, the general counsel now owns 40,194 shares of the company’s stock, valued at $1,774,565.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,041 shares of company stock worth $2,637,477. 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.