By otakuyassine3@gmail.com 
Wellington Management Group LLP lessened its stake in Zillow Group, Inc. (NASDAQ:ZG – Free Report) by 27.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 425,635 shares of the technology company’s stock after selling 158,368 shares during the quarter. Wellington Management Group LLP owned 0.18% of Zillow Group worth $30,156,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in ZG. O Shaughnessy Asset Management LLC boosted its position in shares of Zillow Group by 13.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company’s stock worth $84,000 after buying an additional 138 shares during the period. California Public Employees Retirement System raised its position in Zillow Group by 5.5% in the 4th quarter. California Public Employees Retirement System now owns 132,332 shares of the technology company’s stock valued at $9,376,000 after buying an additional 6,951 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock valued at $18,454,000 after acquiring an additional 241,331 shares in the last quarter. Norges Bank acquired a new position in Zillow Group during the 4th quarter worth approximately $165,326,000. Finally, Long Corridor Asset Management Ltd grew its stake in shares of Zillow Group by 5.6% during the 4th quarter. Long Corridor Asset Management Ltd now owns 59,395 shares of the technology company’s stock worth $4,208,000 after acquiring an additional 3,146 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on ZG. Keefe, Bruyette & Woods raised shares of Zillow Group to a “hold” rating in a research report on Friday, March 28th. Cantor Fitzgerald boosted their price target on shares of Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. KeyCorp decreased their price objective on Zillow Group from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Susquehanna upped their target price on Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $82.25.
Get Our Latest Analysis on Zillow Group
Insider Transactions at Zillow Group
In other news, insider Errol G. Samuelson sold 2,854 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the transaction, the insider now directly owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jun Choo sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. This trade represents a 38.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,919 shares of company stock valued at $7,869,478. 17.14% of the stock is currently owned by corporate insiders.
Zillow Group Stock Down 2.3 %
Zillow Group stock opened at $65.32 on Monday. The company’s 50-day moving average price is $73.99 and its two-hundred day moving average price is $70.96. The stock has a market cap of $15.84 billion, a P/E ratio of -138.98, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58.
Zillow Group (NASDAQ:ZG – Get Free Report) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share 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%. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.
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.
Further Reading
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