Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,993 shares of the technology company’s stock after selling 1,116 shares during the quarter. Bank of New York Mellon Corp owned 0.07% of Zillow Group worth $11,194,000 as of its most recent SEC filing.

Other institutional investors have also 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 valued at $30,000 after buying an additional 172 shares during the period. Baillie Gifford & Co. grew its position in Zillow Group by 0.6% in the 4th quarter. Baillie Gifford & Co. now owns 92,025 shares of the technology company’s stock valued at $6,520,000 after acquiring an additional 509 shares in the last quarter. Ieq Capital LLC increased its stake in Zillow Group by 4.9% during the fourth quarter. Ieq Capital LLC now owns 12,123 shares of the technology company’s stock worth $859,000 after purchasing an additional 566 shares during the period. Asset Dedication LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth about $47,000. Finally, Vontobel Holding Ltd. lifted its position in shares of Zillow Group by 4.9% during the fourth quarter. Vontobel Holding Ltd. now owns 17,208 shares of the technology company’s stock worth $1,219,000 after purchasing an additional 801 shares in the last quarter. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Zillow Group Trading Down 5.0 %

Shares of Zillow Group stock opened at $66.40 on Friday. The company has a fifty day simple moving average of $75.16 and a 200-day simple moving average of $69.25. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of -141.28, a PEG 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.

Zillow Group (NASDAQ:ZG) last released 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 net margin of 5.01% and a negative return on equity of 2.12%. On average, analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on ZG. Citigroup upped their target price on shares of Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Stephens reaffirmed an “overweight” rating and set a $73.00 price objective on shares of Zillow Group in a research report on Wednesday, February 12th. Baird R W upgraded Zillow Group to a “hold” rating in a research note on Friday, January 31st. JMP Securities boosted their target price on Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. Finally, Piper Sandler reduced their price target on Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Insider Buying and Selling

In other news, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the completion of the sale, the insider now directly owns 127,467 shares of the company’s stock, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at $6,790,167.54. This trade represents a 38.77 % 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 in the last quarter. 17.14% of the stock is owned by insiders.

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.