US Bancorp DE Has $5.74 Million Stock Holdings in Zillow Group, Inc. $ZG

Key Points

• US Bancorp DE has reduced its stake in Zillow Group by 20.9% during the 2nd quarter, now holding 83,819 shares valued at approximately $5.74 million.
• Institutional investors own 20.32% of Zillow Group’s stock, with several firms increasing their holdings significantly in the first quarter of this year.
• Zillow Group's stock has seen mixed ratings from analysts, ranging from an "outperform" rating with a price target of $100.00 from Mizuho to a decreased target from Wells Fargo at $73.00.

US Bancorp DE decreased its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,819 shares of the technology company's stock after selling 22,093 shares during the quarter. US Bancorp DE's holdings in Zillow Group were worth $5,741,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Zillow Group by 38.0% during the 1st quarter. GAMMA Investing LLC now owns 1,828 shares of the technology company's stock worth $122,000 after buying an additional 503 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Zillow Group by 60.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,044 shares of the technology company's stock worth $404,000 after buying an additional 2,288 shares in the last quarter. Trexquant Investment LP acquired a new position in Zillow Group during the 1st quarter worth $370,000. SG Americas Securities LLC lifted its holdings in Zillow Group by 253.3% during the 1st quarter. SG Americas Securities LLC now owns 20,980 shares of the technology company's stock worth $1,403,000 after buying an additional 15,042 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Zillow Group by 8.0% during the 1st quarter. Rhumbline Advisers now owns 51,030 shares of the technology company's stock worth $3,412,000 after buying an additional 3,765 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ZG shares. Wells Fargo & Company reduced their price objective on Zillow Group from $75.00 to $73.00 and set an "equal weight" rating on the stock in a report on Thursday, September 11th. Mizuho initiated coverage on shares of Zillow Group in a research note on Monday, September 29th. They issued an "outperform" rating and a $100.00 price objective on the stock. KeyCorp reaffirmed an "overweight" rating and issued a $92.00 price objective (up from $90.00) on shares of Zillow Group in a research note on Thursday, August 7th. Gordon Haskett raised shares of Zillow Group from a "hold" rating to a "buy" rating and set a $90.00 price objective on the stock in a research note on Friday, October 3rd. Finally, Royal Bank Of Canada raised their price objective on shares of Zillow Group from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.92.

Insider Activity at Zillow Group

In other news, CTO David A. Beitel sold 22,510 shares of Zillow Group stock in a transaction on Monday, September 8th. The shares were sold at an average price of $90.97, for a total transaction of $2,047,734.70. Following the transaction, the chief technology officer directly owned 144,549 shares of the company's stock, valued at $13,149,622.53. This trade represents a 13.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jun Choo sold 45,710 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $85.21, for a total transaction of $3,894,949.10. Following the completion of the sale, the chief operating officer directly owned 117,098 shares in the company, valued at $9,977,920.58. This represents a 28.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 657,087 shares of company stock valued at $56,286,479. 17.14% of the stock is owned by corporate insiders.

Zillow Group Stock Down 1.9%

Shares of NASDAQ ZG opened at $66.92 on Monday. The company's fifty day moving average is $79.30 and its 200-day moving average is $72.10. The stock has a market cap of $16.21 billion, a price-to-earnings ratio of -257.38, a P/E/G ratio of 22.89 and a beta of 2.11. Zillow Group, Inc. has a twelve month low of $55.08 and a twelve month high of $90.22.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.