Garde Capital Inc. Trims Position in Zillow Group, Inc. (NASDAQ:ZG)

Garde Capital Inc. trimmed its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,234 shares of the technology company's stock after selling 32,084 shares during the period. Garde Capital Inc.'s holdings in Zillow Group were worth $7,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ZG. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Zillow Group in the fourth quarter valued at about $27,000. Blue Trust Inc. boosted its position in shares of Zillow Group by 70.2% in 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. Asset Dedication LLC bought a new stake in shares of Zillow Group in the fourth quarter valued at about $47,000. Assetmark Inc. boosted its position in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock valued at $54,000 after acquiring an additional 755 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after acquiring an additional 159 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In related news, General Counsel Bradley D. Owens sold 1,154 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $68.74, for a total value of $79,325.96. Following the sale, the general counsel now directly owns 50,681 shares in the company, valued at approximately $3,483,811.94. The trade was a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 5,534 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $381,735.32. Following the completion of the sale, the insider now owns 68,889 shares in the company, valued at $4,751,963.22. This represents a 7.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,741 shares of company stock worth $7,114,134 in the last quarter. 17.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZG. Cantor Fitzgerald boosted their target price on shares of Zillow Group from $62.00 to $70.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. UBS Group decreased their target price on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Susquehanna increased their target price on shares of Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. William Blair assumed coverage on shares of Zillow Group in a research report on Monday, April 21st. They set a "market perform" rating for the company. Finally, Bank of America increased their target price on shares of Zillow Group from $81.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.80.

Zillow Group Price Performance

Shares of NASDAQ ZG traded down $0.68 during trading on Thursday, hitting $65.54. The stock had a trading volume of 301,975 shares, compared to its average volume of 580,685. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58. The company has a market capitalization of $15.82 billion, a PE ratio of -139.45, a PEG ratio of 8.90 and a beta of 2.22. The firm has a fifty day moving average of $65.51 and a two-hundred day moving average of $71.75.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results 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). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The firm had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. During the same quarter in the previous year, the company earned $0.36 EPS. The business's revenue was up 13.0% compared to the same quarter last year. On average, equities analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.