Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,185 shares of the technology company’s stock after selling 5,244 shares during the period. California Public Employees Retirement System’s holdings in Zillow Group were worth $6,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its stake in Zillow Group by 3,675.7% during the fourth quarter. CWM LLC now owns 46,139 shares of the technology company’s stock worth $2,617,000 after acquiring an additional 44,917 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Zillow Group by 50.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after buying an additional 317,683 shares during the period. Nisa Investment Advisors LLC lifted its position in Zillow Group by 1.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock valued at $1,254,000 after buying an additional 250 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Zillow Group during the fourth quarter worth about $1,305,000. Finally, Amalgamated Bank increased its position in shares of Zillow Group by 70.1% during the third quarter. Amalgamated Bank now owns 14,188 shares of the technology company’s stock valued at $635,000 after acquiring an additional 5,847 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZG. Canaccord Genuity Group lowered their price objective on shares of Zillow Group from $58.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. dropped their price objective on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday. DA Davidson reiterated a “buy” rating and issued a $63.00 price objective on shares of Zillow Group in a report on Friday, April 5th. JMP Securities lowered their target price on Zillow Group from $68.00 to $62.00 and set a “market outperform” rating for the company in a report on Thursday. Finally, Piper Sandler boosted their price target on shares of Zillow Group from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average price target of $57.25.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 966 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total value of $56,037.66. Following the transaction, the general counsel now directly owns 17,181 shares of the company’s stock, valued at approximately $996,669.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, General Counsel Bradley D. Owens sold 966 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total value of $56,037.66. Following the completion of the sale, the general counsel now directly owns 17,181 shares of the company’s stock, valued at approximately $996,669.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeremy Wacksman sold 2,704 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $58.01, for a total value of $156,859.04. Following the completion of the sale, the chief operating officer now directly owns 71,261 shares of the company’s stock, valued at $4,133,850.61. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,289 shares of company stock worth $9,642,508. 17.14% of the stock is currently owned by insiders.

Zillow Group Stock Up 2.2 %

Shares of NASDAQ ZG opened at $40.07 on Friday. The business has a 50-day moving average of $47.67 and a two-hundred day moving average of $47.55. The company has a market capitalization of $9.36 billion, a price-to-earnings ratio of -58.07 and a beta of 1.87. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $59.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24.

Zillow Group (NASDAQ:ZG) last posted its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.06. The firm had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $450.75 million. Zillow Group had a negative return on equity of 2.30% and a negative net margin of 7.93%. On average, analysts forecast that Zillow Group, Inc. will post -0.18 earnings per share for the current fiscal year.

About Zillow Group

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.