Police & Firemen s Retirement System of New Jersey Increases Position in Zillow Group, Inc. $ZG

Police & Firemen s Retirement System of New Jersey raised its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 9.4% in the second quarter, Holdings Channel reports. The fund owned 19,931 shares of the technology company’s stock after buying an additional 1,705 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Zillow Group were worth $1,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. National Bank of Canada FI boosted its holdings in shares of Zillow Group by 79.4% during the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock worth $33,000 after purchasing an additional 216 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Zillow Group by 33.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock valued at $75,000 after purchasing an additional 280 shares during the last quarter. Assetmark Inc. lifted its position in Zillow Group by 207.0% during the second quarter. Assetmark Inc. now owns 1,980 shares of the technology company’s stock worth $136,000 after buying an additional 1,335 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Zillow Group by 22.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,312 shares of the technology company’s stock worth $221,000 after buying an additional 600 shares during the last quarter. Finally, Wealthquest Corp purchased a new stake in Zillow Group in the 1st quarter valued at $238,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ZG shares. JPMorgan Chase & Co. lifted their price target on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Canaccord Genuity Group raised their price objective on shares of Zillow Group from $76.00 to $84.00 and gave the stock a “hold” rating in a research report on Thursday, August 7th. Gordon Haskett raised shares of Zillow Group from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday, October 3rd. UBS Group decreased their target price on shares of Zillow Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $74.00 price target on shares of Zillow Group in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.42.

Insider Activity at Zillow Group

In other news, CFO Jeremy Hofmann sold 25,000 shares of Zillow Group stock in a transaction on Monday, September 8th. The stock was sold at an average price of $89.99, for a total value of $2,249,750.00. Following the completion of the sale, the chief financial officer directly owned 84,146 shares of the company’s stock, valued at approximately $7,572,298.54. The trade was a 22.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO David A. Beitel sold 22,510 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $90.97, for a total value of $2,047,734.70. Following the completion of the sale, the chief technology officer owned 144,549 shares in the company, valued at $13,149,622.53. This represents a 13.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 144,219 shares of company stock valued at $11,730,526 over the last ninety days. 17.14% of the stock is owned by insiders.

Zillow Group Price Performance

Shares of ZG opened at $65.71 on Friday. The firm has a 50-day simple moving average of $72.94 and a two-hundred day simple moving average of $73.31. The stock has a market cap of $15.91 billion, a PE ratio of -252.73, a P/E/G ratio of 23.55 and a beta of 2.09. Zillow Group, Inc. has a 1-year low of $56.63 and a 1-year high of $90.22.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $676.00 million during the quarter, compared to analyst estimates of $670.28 million. Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. Zillow Group has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect 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.