Vontobel Holding Ltd. Sells 3,754 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Vontobel Holding Ltd. decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 21.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,454 shares of the technology company's stock after selling 3,754 shares during the period. Vontobel Holding Ltd.'s holdings in Zillow Group were worth $900,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Zillow Group during the 4th quarter worth approximately $27,000. Salem Investment Counselors Inc. purchased a new position in shares of Zillow Group during the 1st quarter worth approximately $42,000. CX Institutional purchased a new position in shares of Zillow Group during the 1st quarter worth approximately $46,000. Assetmark Inc. increased its stake in shares of Zillow Group by 18,875.0% during 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 increased its stake in shares of Zillow Group by 24.0% during 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 in the last quarter. Institutional investors and hedge funds own 20.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. William Blair assumed coverage on shares of Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating for the company. UBS Group lowered their target price on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, April 11th. DA Davidson lowered their price objective on shares of Zillow Group from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Barclays lowered their price objective on shares of Zillow Group from $64.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, May 8th. Finally, Piper Sandler boosted their price objective on shares of Zillow Group from $80.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of "Moderate Buy" and an average price target of $81.80.

Insider Activity

In other news, General Counsel Bradley D. Owens sold 3,466 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.96, for a total value of $239,015.36. Following the transaction, the general counsel directly owned 47,215 shares of the company's stock, valued at $3,255,946.40. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeremy Wacksman sold 10,984 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $757,676.32. Following the completion of the transaction, the chief executive officer directly owned 171,517 shares in the company, valued at $11,831,242.66. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 101,093 shares of company stock valued at $6,989,688. 17.14% of the stock is owned by corporate insiders.

Zillow Group Stock Down 0.4%

Shares of ZG stock traded down $0.28 during trading on Monday, reaching $70.03. The company's stock had a trading volume of 70,629 shares, compared to its average volume of 554,802. The business has a fifty day moving average price of $67.51 and a 200-day moving average price of $70.01. The company has a market cap of $16.91 billion, a price-to-earnings ratio of -205.97, a price-to-earnings-growth ratio of 12.99 and a beta of 2.09. Zillow Group, Inc. has a one year low of $40.30 and a one year high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative return on equity of 1.62% and a negative net margin of 3.51%. The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $587.88 million. During the same period last year, the company posted $0.36 earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. Research analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current 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.