Zillow Group, Inc. (NASDAQ:ZG) Holdings Lowered by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 6.5% during the 4th 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 period. Nuveen Asset Management LLC owned about 0.06% of Zillow Group worth $9,971,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CEO Jeremy Wacksman sold 10,984 shares of Zillow Group stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total value of $757,676.32. Following the sale, the chief executive officer now directly owns 171,517 shares in the company, valued at $11,831,242.66. This trade represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 142,636 shares of the company's stock, valued at approximately $10,460,924.24. This represents a 1.96% 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 90 days. 17.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Canaccord Genuity Group decreased their target price on shares of Zillow Group from $86.00 to $76.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Piper Sandler upped their price target on Zillow Group from $80.00 to $82.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. The Goldman Sachs Group lowered their price target on Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Barclays cut their price objective on Zillow Group from $64.00 to $60.00 and set an "underweight" rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $81.80.

Zillow Group Stock Down 0.4%

Shares of ZG traded down $0.29 during trading hours on Friday, reaching $65.25. 352,402 shares of the company traded hands, compared to its average volume of 564,505. The stock has a market capitalization of $15.75 billion, a PE ratio of -138.83, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a fifty-two week low of $39.83 and a fifty-two week high of $86.58. The stock has a fifty day simple moving average of $65.23 and a 200 day simple moving average of $71.65.

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

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.