Rhumbline Advisers Has $3.41 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

Rhumbline Advisers raised its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,030 shares of the technology company's stock after purchasing an additional 3,765 shares during the period. Rhumbline Advisers' holdings in Zillow Group were worth $3,412,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd acquired a new stake in Zillow Group in the 4th quarter valued at approximately $27,000. 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. 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. Daiwa Securities Group Inc. acquired a new stake in shares of Zillow Group in the fourth quarter worth $63,000. Finally, Wood Tarver Financial Group LLC bought a new position in Zillow Group during the fourth quarter worth $70,000. Institutional investors own 20.32% of the company's stock.

Insider Transactions at Zillow Group

In other Zillow Group news, Director Erik C. Blachford sold 965 shares of Zillow Group stock in a transaction on Monday, June 9th. The shares were sold at an average price of $70.35, for a total transaction of $67,887.75. Following the completion of the sale, the director now owns 35,474 shares of the company's stock, valued at approximately $2,495,595.90. The trade was a 2.65% 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, COO Jun Choo sold 11,725 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $68.77, for a total value of $806,328.25. Following the completion of the sale, the chief operating officer now owns 130,186 shares of the company's stock, valued at $8,952,891.22. This represents a 8.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,947 shares of company stock worth $7,199,000 over the last 90 days. 17.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ZG. Keefe, Bruyette & Woods raised Zillow Group to a "hold" rating in a report on Friday, March 28th. Citigroup reduced their target price on Zillow Group from $98.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. KeyCorp lowered their price target on shares of Zillow Group from $95.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Canaccord Genuity Group dropped their price objective on shares of Zillow Group from $86.00 to $76.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Finally, Wedbush reiterated an "outperform" rating and set a $90.00 target price (down from $100.00) on shares of Zillow Group in a research report on Thursday, May 8th. One equities research 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. According to data from MarketBeat, Zillow Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.80.

Zillow Group Trading Down 2.2%

ZG opened at $69.08 on Friday. Zillow Group, Inc. has a 1-year low of $40.30 and a 1-year high of $86.58. The stock has a market capitalization of $16.68 billion, a PE ratio of -146.98, a PEG ratio of 8.90 and a beta of 2.11. The firm has a 50-day moving average price of $65.77 and a two-hundred day moving average price of $71.13.

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

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