Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by Truist Financial Corp

Truist Financial Corp lifted its stake in Zillow Group, Inc. (NASDAQ:ZG) by 67.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,196 shares of the technology company’s stock after acquiring an additional 2,506 shares during the period. Truist Financial Corp’s holdings in Zillow Group were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of 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 in the 4th quarter worth approximately $47,000. Versant Capital Management Inc bought a new stake in shares of Zillow Group in the 4th quarter worth approximately $72,000. Pinpoint Asset Management Ltd bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $95,000. Finally, Walleye Capital LLC bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $212,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeremy Hofmann sold 23,388 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $84.98, for a total transaction of $1,987,512.24. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 19.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,098 shares of company stock worth $7,911,237 in the last ninety days. 17.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Craig Hallum boosted their target price on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group boosted their price target on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Baird R W upgraded shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Barclays boosted their price target on shares of Zillow Group from $36.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Finally, Robert W. Baird started coverage on shares of Zillow Group in a report on Friday, January 31st. They set a “neutral” rating and a $88.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Zillow Group Trading Down 3.2 %

NASDAQ ZG opened at $72.04 on Tuesday. The company has a fifty day simple moving average of $75.25 and a 200 day simple moving average of $68.43. The company has a market cap of $17.47 billion, a P/E ratio of -153.28, a P/E/G ratio of 8.90 and a beta of 2.09. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (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%. Equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS 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.