Zillow Group, Inc. (NASDAQ:ZG) Stock Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Zillow Group, Inc. (NASDAQ:ZG) by 136.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,982 shares of the technology company’s stock after acquiring an additional 13,255 shares during the quarter. Victory Capital Management Inc.’s holdings in Zillow Group were worth $1,628,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ZG. Blue Trust Inc. lifted its position 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 buying an additional 172 shares in the last quarter. Asset Dedication LLC purchased a new stake in Zillow Group in the 4th quarter worth approximately $47,000. Jones Financial Companies Lllp lifted its position in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after buying an additional 159 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Zillow Group in the 4th quarter worth approximately $72,000. Finally, Pinpoint Asset Management Ltd purchased a new stake in Zillow Group in the 3rd quarter worth approximately $95,000. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,065 shares of company stock worth $7,660,165 over the last ninety days. Company insiders own 17.14% of the company’s stock.

Zillow Group Stock Down 1.6 %

NASDAQ:ZG opened at $67.81 on Wednesday. The firm has a market cap of $16.45 billion, a PE ratio of -144.28, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The company’s 50-day moving average price is $74.93 and its two-hundred day moving average price is $69.72.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) 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, research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ZG shares. Piper Sandler cut their price target on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Benchmark raised their price target on shares of Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Canaccord Genuity Group raised their price target on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Citigroup raised their price target on shares of Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Robert W. Baird began coverage on shares of Zillow Group in a research note on Friday, January 31st. They issued a “neutral” rating and a $88.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $82.25.

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.