Nuveen Asset Management LLC Sells 9,763 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Nuveen Asset Management LLC trimmed its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,732 shares of the technology company's stock after selling 9,763 shares during the quarter. Nuveen Asset Management LLC owned 0.06% of Zillow Group worth $9,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its holdings 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 valued at $84,000 after acquiring an additional 138 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in 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 acquiring an additional 159 shares during the last quarter. Blue Trust Inc. lifted its holdings in Zillow Group by 70.2% in the 4th 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 last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group in the 4th quarter valued at about $27,000. Finally, Barrier Capital Management LLC lifted its holdings in Zillow Group by 0.4% in the 4th quarter. Barrier Capital Management LLC now owns 111,200 shares of the technology company's stock valued at $7,879,000 after acquiring an additional 400 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

NASDAQ:ZG traded down $0.68 during mid-day trading on Thursday, reaching $65.54. The stock had a trading volume of 301,975 shares, compared to its average volume of 564,586. The business's 50 day moving average is $65.37 and its 200 day moving average is $71.70. Zillow Group, Inc. has a fifty-two week low of $38.57 and a fifty-two week high of $86.58. The stock has a market cap of $15.82 billion, a P/E ratio of -139.45, a PEG ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The firm's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This represents a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley D. Owens sold 1,154 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $68.74, for a total value of $79,325.96. Following the completion of the sale, the general counsel now directly owns 50,681 shares in the company, valued at $3,483,811.94. This trade represents a 2.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,741 shares of company stock worth $7,114,134. 17.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. KeyCorp cut their price target on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Evercore ISI upped their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Susquehanna upped their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. 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, Wells Fargo & Company began coverage on shares of Zillow Group in a research note on Monday, April 28th. They set a "mixed" rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Zillow Group has a consensus rating of "Moderate Buy" and an average target price of $81.80.

About Zillow Group

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.