Stifel Financial Corp Sells 6,652 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Stifel Financial Corp reduced its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 18.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,647 shares of the technology company’s stock after selling 6,652 shares during the period. Stifel Financial Corp’s holdings in Zillow Group were worth $1,774,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Raymond James & Associates raised its holdings in shares of Zillow Group by 7.0% in the second quarter. Raymond James & Associates now owns 193,023 shares of the technology company’s stock valued at $8,694,000 after purchasing an additional 12,616 shares during the last quarter. Raymond James Trust N.A. increased its stake in Zillow Group by 5.4% in the 2nd quarter. Raymond James Trust N.A. now owns 13,174 shares of the technology company’s stock valued at $593,000 after buying an additional 674 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Zillow Group by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 162,647 shares of the technology company’s stock worth $7,326,000 after buying an additional 7,311 shares in the last quarter. Signaturefd LLC boosted its stake in shares of 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 buying an additional 360 shares during the last quarter. Finally, Maryland State Retirement & Pension System bought a new position in shares of Zillow Group in the 2nd quarter valued at about $202,000. Institutional investors own 20.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ZG shares. Craig Hallum increased their price target on Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Royal Bank of Canada increased their price objective on Zillow Group from $66.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. DA Davidson boosted their target price on shares of Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Susquehanna upped their price target on shares of Zillow Group from $55.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, JMP Securities lifted their price objective on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.71.

Insider Buying and Selling

In other news, CAO Jennifer Rock sold 3,033 shares of Zillow Group stock in a transaction on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the completion of the sale, the chief accounting officer now owns 57,166 shares in the company, valued at $4,732,201.48. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan Daimler sold 3,694 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $73.98, for a total transaction of $273,282.12. Following the transaction, the insider now directly owns 18,770 shares in the company, valued at approximately $1,388,604.60. This represents a 16.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,689 shares of company stock valued at $10,395,879 over the last ninety days. 17.14% of the stock is owned by company insiders.

Zillow Group Trading Up 3.0 %

Shares of ZG stock opened at $73.77 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. The company has a market cap of $17.23 billion, a PE ratio of -129.42 and a beta of 2.08. Zillow Group, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $83.67. The stock’s fifty day moving average price is $70.01 and its two-hundred day moving average price is $57.69.

Zillow Group (NASDAQ:ZG) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $555.45 million. During the same quarter last year, the business posted ($0.12) EPS. Zillow Group’s revenue for the quarter was up 17.1% on a year-over-year basis. Equities analysts predict that Zillow Group, Inc. will post -0.34 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.