MFG Wealth Management Inc. Purchases Shares of 68,424 Zillow Group, Inc. $ZG

MFG Wealth Management Inc. purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG) during the 2nd quarter, HoldingsChannel reports. The firm purchased 68,424 shares of the technology company’s stock, valued at approximately $2,146,000. Zillow Group accounts for about 1.5% of MFG Wealth Management Inc.’s portfolio, making the stock its 26th biggest position.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in shares of Zillow Group during the 2nd quarter worth about $1,546,000. NewEdge Advisors LLC grew its holdings in Zillow Group by 6.7% in the 1st quarter. NewEdge Advisors LLC now owns 11,071 shares of the technology company’s stock valued at $458,000 after buying an additional 699 shares during the last quarter. Edgestream Partners L.P. bought a new position in Zillow Group in the 1st quarter worth approximately $398,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Zillow Group by 183.6% during the first quarter. EverSource Wealth Advisors LLC now owns 984 shares of the technology company’s stock worth $41,000 after buying an additional 637 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Zillow Group by 60.3% during the first quarter. Empowered Funds LLC now owns 10,060 shares of the technology company’s stock worth $416,000 after buying an additional 3,784 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Trading Up 0.6%

Shares of NASDAQ:ZG opened at $33.95 on Friday. The firm has a market capitalization of $7.77 billion, a PE ratio of 154.33, a PEG ratio of 1.44 and a beta of 1.95. Zillow Group, Inc. has a 1-year low of $29.03 and a 1-year high of $90.22. The business’s 50 day moving average is $33.16 and its 200-day moving average is $41.54.

Zillow Group (NASDAQ:ZG) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $772.00 million during the quarter, compared to analyst estimates of $758.25 million. Zillow Group had a return on equity of 2.32% and a net margin of 1.96%.Zillow Group’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. On average, sell-side analysts predict that Zillow Group, Inc. will post 0.9 EPS for the current year.

Key Headlines Impacting Zillow Group

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zillow reported second-quarter earnings of $0.52 per share, above the $0.44 analyst consensus, while revenue reached $772 million, exceeding expectations of $758.25 million. Revenue increased 17.9% year over year, supported by growth in mortgage and rentals. Zillow Q2 Earnings Surpass Estimates on Solid Revenue Growth
• Positive Sentiment: Several analysts still see upside: Piper Sandler and Citizens JMP maintain bullish ratings with $46 price targets, while DA Davidson and Benchmark retain buy ratings despite lowering their targets. These targets remain above the stock’s recent trading level.
• Neutral Sentiment: Zillow’s July market report showed home sales rising 7% year over year, the strongest annual gain of 2026. However, the company said newly pending sales fell sharply from June as mortgage rates reached a one-year high, raising questions about the durability of the improvement. Zillow July Market Report
• Negative Sentiment: Analysts broadly lowered their expectations following the earnings report. Wells Fargo cut its target to $35 and assigned an equal-weight rating, Evercore downgraded Zillow to hold with a $40 target, and Susquehanna and Cantor Fitzgerald also reduced targets. RBC cited near-term pressure from Zillow’s preferred-model shift. Zillow Preferred-Model Shift Adds Near-Term Pressure
• Negative Sentiment: Multiple law firms are soliciting investors ahead of the August 10 lead-plaintiff deadline for a securities-fraud class action covering purchases from February 11, 2025, through May 7, 2026. The litigation involves alleged anticompetitive conduct and related regulatory risks, creating an additional overhang for ZG.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZG. Weiss Ratings downgraded shares of Zillow Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Citizens Jmp cut their target price on shares of Zillow Group from $75.00 to $46.00 and set a “market outperform” rating for the company in a research note on Friday. Sanford C. Bernstein lowered shares of Zillow Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $50.00 to $38.00 in a research report on Thursday. Susquehanna dropped their price objective on shares of Zillow Group from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, UBS Group dropped their price objective on shares of Zillow Group from $75.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Zillow Group presently has an average rating of “Hold” and a consensus price target of $53.86.

Insider Transactions at Zillow Group

In other news, CFO Jeremy Hofmann sold 5,501 shares of Zillow Group stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $205,737.40. Following the sale, the chief financial officer directly owned 68,315 shares in the company, valued at approximately $2,554,981. The trade was a 7.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Jeremy Wacksman sold 9,072 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $36.54, for a total transaction of $331,490.88. Following the completion of the sale, the chief executive officer directly owned 153,699 shares in the company, valued at approximately $5,616,161.46. The trade was a 5.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 42,910 shares of company stock worth $1,605,732. 29.88% of the stock is currently owned by company insiders.

About Zillow Group

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.