Strs Ohio Invests $815,000 in Zillow Group, Inc. $ZG

Strs Ohio purchased a new position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,195 shares of the technology company's stock, valued at approximately $815,000.

Other large investors also recently made changes to their positions in the company. National Bank of Canada FI boosted its stake in shares of Zillow Group by 79.4% during the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company's stock worth $33,000 after acquiring an additional 216 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Zillow Group during the 1st quarter worth about $42,000. CX Institutional bought a new stake in shares of Zillow Group during the 1st quarter worth about $46,000. Wood Tarver Financial Group LLC bought a new stake in shares of Zillow Group during the 4th quarter worth about $70,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Zillow Group by 33.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company's stock worth $75,000 after acquiring an additional 280 shares in the last quarter. Institutional investors own 20.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Zillow Group from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. DA Davidson boosted their price objective on Zillow Group from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Piper Sandler boosted their price objective on Zillow Group from $82.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Wells Fargo & Company cut their price objective on Zillow Group from $75.00 to $73.00 and set an "equal weight" rating for the company in a research report on Thursday, September 11th. Finally, Barclays reissued an "underweight" rating and set a $66.00 price objective (up previously from $60.00) on shares of Zillow Group in a research report on Thursday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $86.41.

Insiders Place Their Bets

In other news, Chairman Richard N. Barton sold 200,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $84.92, for a total value of $16,984,000.00. Following the completion of the transaction, the chairman directly owned 843,248 shares of the company's stock, valued at approximately $71,608,620.16. This represents a 19.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dan Spaulding sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $85.91, for a total value of $8,591,000.00. Following the completion of the transaction, the insider directly owned 68,889 shares of the company's stock, valued at approximately $5,918,253.99. The trade was a 59.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 657,087 shares of company stock worth $56,286,479 in the last 90 days. 17.14% of the stock is owned by corporate insiders.

Zillow Group Stock Down 3.2%

Zillow Group stock opened at $83.69 on Friday. The business has a 50 day moving average price of $80.19 and a two-hundred day moving average price of $71.75. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of -321.88, a price-to-earnings-growth ratio of 24.07 and a beta of 2.02. Zillow Group, Inc. has a 12 month low of $55.08 and a 12 month high of $90.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The firm had revenue of $655.00 million during the quarter, compared to analyst estimates of $647.06 million. During the same period last year, the company earned $0.39 EPS. The company's revenue was up 14.5% on a year-over-year basis. On average, analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.

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