Victory Capital Management Inc. Sells 18,800 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Victory Capital Management Inc. trimmed its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 65.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,727 shares of the technology company’s stock after selling 18,800 shares during the quarter. Victory Capital Management Inc.’s holdings in Zillow Group were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Zillow Group in the third quarter valued at $29,000. Signaturefd LLC grew its holdings in Zillow Group by 29.7% during the 2nd quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares during the last quarter. GAMMA Investing LLC increased its position in Zillow Group by 86.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after acquiring an additional 561 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Zillow Group in the second quarter worth about $202,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Zillow Group by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,669 shares of the technology company’s stock worth $210,000 after acquiring an additional 421 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZG has been the subject of a number of recent research reports. UBS Group boosted their target price on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price objective on Zillow Group from $42.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Craig Hallum upped their target price on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $50.00 to $80.00 in a research report on Monday, September 16th. Finally, JMP Securities increased their price objective on shares of Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.65.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $82.33 on Friday. The company has a fifty day moving average price of $64.89 and a 200 day moving average price of $53.64. The firm has a market cap of $19.23 billion, a PE ratio of -144.44 and a beta of 2.02. 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 $83.25.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The company had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $555.45 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. Zillow Group’s revenue for the quarter was up 17.1% compared to the same quarter last year. Research analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, insider Susan Daimler sold 3,484 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total value of $188,763.12. Following the completion of the transaction, the insider now directly owns 22,464 shares in the company, valued at $1,217,099.52. This trade represents a 13.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Erik C. Blachford sold 1,413 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $54.87, for a total value of $77,531.31. Following the sale, the director now owns 35,403 shares in the company, valued at approximately $1,942,562.61. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 160,439 shares of company stock worth $11,576,823. 17.14% of the stock is owned by insiders.

Zillow Group 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.