Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Ethic Inc.

Ethic Inc. cut its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 69.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,888 shares of the technology company's stock after selling 8,712 shares during the period. Ethic Inc.'s holdings in Zillow Group were worth $275,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ZG. Pilgrim Partners Asia Pte Ltd purchased a new stake in Zillow Group in the 4th quarter worth $27,000. Blue Trust Inc. grew its position in shares of Zillow Group by 70.2% during the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after purchasing an additional 172 shares in the last quarter. Asset Dedication LLC bought a new stake in Zillow Group during the 4th quarter valued at approximately $47,000. Assetmark Inc. lifted its holdings in Zillow Group by 18,875.0% in the 4th quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after purchasing an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Zillow Group by 24.0% in the 4th 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 period. Institutional investors own 20.32% of the company's stock.

Zillow Group Price Performance

Shares of NASDAQ:ZG traded down $0.51 during trading hours on Tuesday, hitting $66.33. 531,084 shares of the company's stock traded hands, compared to its average volume of 563,212. The firm has a market capitalization of $16.09 billion, a P/E ratio of -141.13, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The business has a fifty day moving average price of $65.94 and a 200-day moving average price of $71.73. Zillow Group, Inc. has a 1 year low of $38.40 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 EPS for the quarter, missing the consensus estimate 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 business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $587.88 million. During the same period last year, the company earned $0.36 EPS. The business's revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. 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. UBS Group decreased their price target on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Susquehanna raised their price objective on Zillow Group from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Baird R W raised Zillow Group to a "hold" rating in a report on Friday, January 31st. Finally, Stephens reissued an "overweight" rating and set a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and an average price target of $81.80.

Insider Buying and Selling at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now directly owns 142,636 shares in the company, valued at $10,460,924.24. This represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Jun Choo sold 55,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the transaction, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,790,167.54. This trade represents a 38.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,741 shares of company stock valued at $11,414,034 in the last three months. Company insiders own 17.14% of the company's stock.

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.