Assenagon Asset Management S.A. Has $1.28 Million Stake in Zillow Group, Inc. (NASDAQ:ZG)

Assenagon Asset Management S.A. reduced its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,199 shares of the technology company's stock after selling 5,539 shares during the period. Assenagon Asset Management S.A.'s holdings in Zillow Group were worth $1,284,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ZG. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group during the 4th quarter valued at $27,000. Assetmark Inc. increased its position in shares of Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after buying an additional 755 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after buying an additional 159 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Zillow Group in the 4th quarter valued at $63,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of Zillow Group in the 4th quarter valued at $70,000. 20.32% of the stock is currently owned by institutional investors.

Zillow Group Stock Up 1.0%

Zillow Group stock traded up $0.66 during mid-day trading on Friday, hitting $66.62. The company had a trading volume of 638,871 shares, compared to its average volume of 556,921. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of -195.94, a PEG ratio of 12.31 and a beta of 2.11. Zillow Group, Inc. has a 1 year low of $40.30 and a 1 year high of $86.58. The business has a fifty day moving average of $66.24 and a 200 day moving average of $70.65.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The business had revenue of $598.00 million for the quarter, compared to analysts' expectations of $587.88 million. Zillow Group had a negative return on equity of 1.62% and a negative net margin of 3.51%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.36 earnings per share. Equities analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on ZG. Wedbush reiterated an "outperform" rating and set a $90.00 target price (down previously from $100.00) on shares of Zillow Group in a report on Thursday, May 8th. DA Davidson lowered their target price on Zillow Group from $90.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, May 8th. KeyCorp reduced their price objective on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Benchmark reduced their price objective on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Piper Sandler increased their price objective on shares of Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Zillow Group presently has an average rating of "Moderate Buy" and a consensus target price of $81.80.

Insider Buying and Selling at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Erik C. Blachford sold 965 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $70.35, for a total value of $67,887.75. Following the sale, the director now directly owns 35,474 shares of the company's stock, valued at $2,495,595.90. This represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,947 shares of company stock valued at $7,199,000. 17.14% of the stock is owned by company insiders.

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.