Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 17.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 246,851 shares of the technology company’s stock after selling 50,968 shares during the period. US Bancorp DE’s holdings in Zillow Group were worth $17,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cynosure Group LLC acquired a new stake in shares of Zillow Group in the 3rd quarter worth approximately $12,248,000. Mirabella Financial Services LLP acquired a new stake in shares of Zillow Group in the 3rd quarter worth approximately $11,351,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Zillow Group in the 3rd quarter worth approximately $9,813,000. Virtu Financial LLC grew its holdings in shares of Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after acquiring an additional 118,830 shares during the period. Finally, CreativeOne Wealth LLC grew its holdings in shares of Zillow Group by 164.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock worth $11,129,000 after acquiring an additional 111,743 shares during the period. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Trading Up 0.7 %

Shares of ZG opened at $74.39 on Monday. The firm has a market capitalization of $18.04 billion, a P/E ratio of -158.28, a price-to-earnings-growth ratio of 8.90 and a beta of 2.09. The stock’s fifty day simple moving average is $75.28 and its 200 day simple moving average is $68.29. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results 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%. Sell-side analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In other news, CAO Jennifer Rock sold 3,033 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $82.78, for a total transaction of $251,071.74. Following the completion of the sale, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO David A. Beitel sold 2,025 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.75, for a total value of $157,443.75. Following the sale, the chief technology officer now owns 151,046 shares of the company’s stock, valued at $11,743,826.50. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,098 shares of company stock worth $3,611,337. Corporate insiders own 17.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. KeyCorp raised Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 target price on the stock in a research note on Monday, February 3rd. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Bank of America upped their target price on Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Susquehanna upped their target price on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Citigroup increased their price target on Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $83.00.

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.