Zillow Group, Inc. $ZG Stake Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 79.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,021 shares of the technology company’s stock after buying an additional 892 shares during the period. PNC Financial Services Group Inc.’s holdings in Zillow Group were worth $138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Trexquant Investment LP purchased a new position in Zillow Group during the 1st quarter worth approximately $370,000. TD Asset Management Inc acquired a new stake in shares of Zillow Group in the second quarter worth $262,000. Arkadios Wealth Advisors acquired a new stake in shares of Zillow Group in the second quarter worth $877,000. Vise Technologies Inc. purchased a new position in shares of Zillow Group during the second quarter valued at $602,000. Finally, Rhumbline Advisers raised its position in Zillow Group by 8.0% during the first quarter. Rhumbline Advisers now owns 51,030 shares of the technology company’s stock valued at $3,412,000 after buying an additional 3,765 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zillow Group

In related news, COO Jun Choo sold 25,575 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $91.06, for a total transaction of $2,328,859.50. Following the completion of the transaction, the chief operating officer directly owned 114,129 shares in the company, valued at $10,392,586.74. This represents a 18.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO David A. Beitel sold 22,510 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $90.97, for a total transaction of $2,047,734.70. Following the completion of the sale, the chief technology officer directly owned 144,549 shares of the company’s stock, valued at approximately $13,149,622.53. This trade represents a 13.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 144,219 shares of company stock valued at $11,730,526 in the last three months. 17.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ZG shares. Royal Bank Of Canada raised their price objective on Zillow Group from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. UBS Group reduced their price target on shares of Zillow Group from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group restated a “neutral” rating and set a $78.00 price target on shares of Zillow Group in a report on Friday, October 31st. Wells Fargo & Company dropped their price objective on Zillow Group from $75.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, September 11th. Finally, Susquehanna cut their target price on Zillow Group from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.09.

Zillow Group Stock Performance

NASDAQ ZG opened at $72.40 on Friday. The stock has a 50-day simple moving average of $71.34 and a 200 day simple moving average of $73.52. Zillow Group, Inc. has a twelve month low of $56.63 and a twelve month high of $90.22. The stock has a market capitalization of $17.52 billion, a PE ratio of -278.46, a P/E/G ratio of 23.55 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last released its earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The business had revenue of $676.00 million during the quarter, compared to analyst estimates of $670.28 million. During the same period last year, the business earned $0.35 EPS. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Zillow Group has set its Q4 2025 guidance at EPS. As a group, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS 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.