Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Ethic Inc.

Ethic Inc. cut its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 69.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,888 shares of the technology company’s stock after selling 8,712 shares during the period. Ethic Inc.’s holdings in Zillow Group were worth $275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZG. JPMorgan Chase & Co. lifted its stake in Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after purchasing an additional 20,238 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Zillow Group by 28.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock valued at $1,753,000 after acquiring an additional 5,539 shares during the period. Avanza Fonder AB acquired a new stake in shares of Zillow Group during the fourth quarter valued at approximately $234,000. Blue Trust Inc. raised its holdings in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after acquiring an additional 172 shares during the period. Finally, Asset Dedication LLC acquired a new stake in shares of Zillow Group during the fourth quarter valued at approximately $47,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Trading Up 2.3%

NASDAQ ZG opened at $68.76 on Friday. The company has a fifty day simple moving average of $66.00 and a 200 day simple moving average of $71.61. The company has a market cap of $16.68 billion, a P/E ratio of -146.30, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 1 year low of $38.40 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $587.88 million. Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. Zillow Group’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. Equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, General Counsel Bradley D. Owens sold 1,154 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total value of $79,325.96. Following the completion of the sale, the general counsel now directly owns 50,681 shares of the company’s stock, valued at $3,483,811.94. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now directly 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. In the last three months, insiders sold 157,741 shares of company stock valued at $11,414,034. Company insiders own 17.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ZG shares. Bank of America boosted their price target on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Benchmark cut their price target on shares of Zillow Group from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Wedbush restated an “outperform” rating and set a $90.00 price target (down previously from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. The Goldman Sachs Group cut their price target on shares of Zillow Group from $77.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, UBS Group dropped their price objective on shares of Zillow Group from $98.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.80.

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.