MFG Wealth Management Inc. Makes New $2.15 Million Investment in Zillow Group, Inc. $ZG

Key Points

• MFG Wealth Management acquired 68,424 Zillow Group shares worth approximately $2.15 million in the second quarter, making Zillow about 1.5% of its portfolio.
• Zillow reported stronger-than-expected quarterly results, with EPS of $0.52 versus the $0.44 consensus and revenue of $772 million, up 17.9% year over year.
• Despite several bullish analyst targets, multiple firms recently lowered their price objectives; the stock traded near $33.95, while MarketBeat reported a consensus “Hold” rating and $53.86 price target.

MFG Wealth Management Inc. acquired a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 holdings, making the stock its 26th biggest position.

Several other large investors have also bought and sold shares of the company. Signaturefd LLC boosted its position in Zillow Group by 10.4% during the 4th quarter. Signaturefd LLC now owns 1,711 shares of the technology company's stock worth $117,000 after acquiring an additional 161 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Zillow Group by 10.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the technology company's stock valued at $147,000 after purchasing an additional 198 shares during the period. Lido Advisors LLC lifted its position in shares of Zillow Group by 0.4% in the fourth quarter. Lido Advisors LLC now owns 50,846 shares of the technology company's stock worth $3,627,000 after purchasing an additional 215 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Zillow Group by 1.4% during the second quarter. Royal London Asset Management Ltd. now owns 18,217 shares of the technology company's stock worth $1,248,000 after purchasing an additional 247 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Zillow Group by 8.5% during the third quarter. Mackenzie Financial Corp now owns 3,301 shares of the technology company's stock worth $246,000 after purchasing an additional 258 shares during the period. Institutional investors own 20.32% of the company's stock.

Zillow Group Trading Up 0.6%

Shares of NASDAQ:ZG opened at $33.95 on Friday. The stock has a market capitalization of $7.77 billion, a PE ratio of 154.33, a P/E/G 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 firm has a fifty day moving average price of $33.16 and a 200 day moving average price of $41.54.

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

Key Zillow Group News

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.

Analysts Set New Price Targets

ZG has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Zillow Group from $46.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday. Barclays decreased their target price on shares of Zillow Group from $58.00 to $54.00 and set an "equal weight" rating for the company in a research note on Friday, May 8th. KeyCorp dropped their price target on shares of Zillow Group from $65.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, August 3rd. Canaccord Genuity Group cut their price objective on Zillow Group from $52.00 to $40.00 and set a "hold" rating for the company in a report on Thursday. Finally, BTIG Research restated a "neutral" rating on shares of Zillow Group in a research note on Thursday, June 11th. Eleven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Zillow Group has a consensus rating of "Hold" and a consensus price target of $53.86.

Insider Activity at Zillow Group

In other news, CFO Jeremy Hofmann sold 5,501 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $205,737.40. Following the transaction, the chief financial officer owned 68,315 shares of the company's stock, valued at approximately $2,554,981. This represents a 7.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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, insider Dan Spaulding sold 3,078 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $37.40, for a total value of $115,117.20. Following the completion of the transaction, the insider directly owned 49,696 shares in the company, valued at $1,858,630.40. The trade was a 5.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 42,910 shares of company stock worth $1,605,732 in the last 90 days. Insiders own 29.88% of the company's stock.

Zillow Group Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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