Federated Hermes Inc. Raises Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Federated Hermes Inc. raised its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 10.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,359 shares of the technology company's stock after buying an additional 4,373 shares during the quarter. Federated Hermes Inc.'s holdings in Zillow Group were worth $2,966,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ZG. O Shaughnessy Asset Management LLC grew its holdings in shares of 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 in the last quarter. M&T Bank Corp boosted its stake in shares of Zillow Group by 4.1% during the 1st quarter. M&T Bank Corp now owns 5,437 shares of the technology company's stock worth $363,000 after acquiring an additional 215 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Zillow Group by 0.3% during the 1st quarter. Baillie Gifford & Co. now owns 92,289 shares of the technology company's stock worth $6,170,000 after acquiring an additional 264 shares during the last quarter. Winslow Asset Management Inc. raised its stake in Zillow Group by 5.3% in the 1st quarter. Winslow Asset Management Inc. now owns 6,325 shares of the technology company's stock valued at $423,000 after acquiring an additional 320 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Zillow Group by 38.3% during the 1st quarter. Versant Capital Management Inc now owns 1,413 shares of the technology company's stock valued at $94,000 after purchasing an additional 391 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Zillow Group Trading Up 2.9%

ZG traded up $2.26 during trading on Wednesday, hitting $81.51. 1,455,450 shares of the company traded hands, compared to its average volume of 557,210. The company has a market cap of $19.68 billion, a PE ratio of -239.74, a P/E/G ratio of 14.85 and a beta of 2.07. The stock's 50-day simple moving average is $71.59 and its two-hundred day simple moving average is $70.70. Zillow Group, Inc. has a 1 year low of $40.30 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results on Wednesday, August 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.43). Zillow Group had a negative return on equity of 1.62% and a negative net margin of 3.51%. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current year.

Insider Transactions at Zillow Group

In related news, CFO Jeremy Hofmann sold 7,959 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $68.98, for a total transaction of $549,011.82. Following the completion of the transaction, the chief financial officer owned 97,481 shares in the company, valued at $6,724,239.38. The trade was a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 6,962 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $68.63, for a total value of $477,802.06. Following the completion of the sale, the insider owned 135,674 shares in the company, valued at approximately $9,311,306.62. The trade was a 4.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,093 shares of company stock worth $6,989,688. 17.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZG. William Blair began coverage on Zillow Group in a report on Monday, April 21st. They set a "market perform" rating for the company. The Goldman Sachs Group decreased their price target on shares of Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Citigroup dropped their price objective on shares of Zillow Group from $98.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Benchmark lowered their target price on shares of Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group lowered their price objective on Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $82.45.

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.