Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 31.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,586 shares of the technology company's stock after selling 4,828 shares during the quarter. Alliancebernstein L.P.'s holdings in Zillow Group were worth $750,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its position in Zillow Group by 13.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,191 shares of the technology company's stock worth $84,000 after purchasing an additional 138 shares during the last quarter. California Public Employees Retirement System grew its holdings in Zillow Group by 5.5% during the fourth quarter. California Public Employees Retirement System now owns 132,332 shares of the technology company's stock valued at $9,376,000 after purchasing an additional 6,951 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Zillow Group by 1,261.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company's stock valued at $18,454,000 after purchasing an additional 241,331 shares during the period. Norges Bank bought a new position in shares of Zillow Group in the 4th quarter valued at about $165,326,000. Finally, Long Corridor Asset Management Ltd grew its holdings in Zillow Group by 5.6% during the fourth quarter. Long Corridor Asset Management Ltd now owns 59,395 shares of the technology company's stock worth $4,208,000 after purchasing an additional 3,146 shares during the period. Hedge funds and other institutional investors own 20.32% of the company's stock.

Zillow Group Stock Up 2.2 %

Shares of Zillow Group stock traded up $1.41 on Thursday, hitting $64.61. The stock had a trading volume of 37,232 shares, compared to its average volume of 572,449. The business's 50 day moving average is $68.36 and its two-hundred day moving average is $70.64. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The stock has a market cap of $15.67 billion, a price-to-earnings ratio of -137.34, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZG. Robert W. Baird initiated coverage on shares of Zillow Group in a research report on Friday, January 31st. They issued a "neutral" rating and a $88.00 price target for the company. KeyCorp cut their target price on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. William Blair assumed coverage on shares of Zillow Group in a research report on Monday. They set a "market perform" rating for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $88.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, DA Davidson reissued a "buy" rating and set a $90.00 price objective on shares of Zillow Group in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $81.05.

Insider Activity

In related news, CAO Jennifer Rock sold 5,796 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the sale, the chief accounting officer now owns 51,370 shares in the company, valued at approximately $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,919 shares of company stock worth $7,869,478 over the last 90 days. Corporate insiders own 17.14% of the company's stock.

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.