Zillow Group, Inc. $ZG Shares Sold by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC reduced its holdings in Zillow Group by 27.7% in the first quarter, selling 52,245 shares and owning a total of 136,138 shares valued at approximately $9.1 million.
• Insider transactions included CEO Jeremy Wacksman selling 11,275 shares and Chairman Richard N. Barton selling 150,000 shares, resulting in their ownership decreasing by 6.86% and 5.66% respectively.
• As of now, Zillow Group has a market capitalization of $20.08 billion, with stock performance showing a one-year low of $51.16 and a high of $86.58.

CreativeOne Wealth LLC trimmed its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 27.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,138 shares of the technology company's stock after selling 52,245 shares during the quarter. CreativeOne Wealth LLC owned 0.06% of Zillow Group worth $9,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ZG. Envestnet Asset Management Inc. raised its holdings in shares of Zillow Group by 13.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 5,137 shares of the technology company's stock worth $364,000 after purchasing an additional 600 shares in the last quarter. Mariner LLC grew its position in Zillow Group by 18.9% in the fourth quarter. Mariner LLC now owns 8,157 shares of the technology company's stock worth $578,000 after buying an additional 1,299 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Zillow Group in the fourth quarter valued at $458,000. Dimensional Fund Advisors LP lifted its position in shares of Zillow Group by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 445,664 shares of the technology company's stock valued at $31,578,000 after acquiring an additional 27,345 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Zillow Group by 35.8% during the 4th quarter. Hsbc Holdings PLC now owns 6,454 shares of the technology company's stock valued at $457,000 after acquiring an additional 1,703 shares during the last quarter. Institutional investors own 20.32% of the company's stock.

Insider Transactions at Zillow Group

In other news, CEO Jeremy Wacksman sold 11,275 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.73, for a total transaction of $966,605.75. Following the completion of the sale, the chief executive officer owned 153,113 shares in the company, valued at approximately $13,126,377.49. This represents a 6.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard N. Barton sold 150,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $85.68, for a total value of $12,852,000.00. Following the transaction, the chairman directly owned 2,501,225 shares in the company, valued at approximately $214,304,958. This represents a 5.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 580,379 shares of company stock valued at $49,319,729 in the last three months. 17.14% of the stock is currently owned by company insiders.

Zillow Group Price Performance

Shares of NASDAQ ZG opened at $82.90 on Wednesday. Zillow Group, Inc. has a one year low of $51.16 and a one year high of $86.58. The business's 50-day moving average price is $75.17 and its two-hundred day moving average price is $70.78. The company has a market capitalization of $20.08 billion, a P/E ratio of -318.85, a price-to-earnings-growth ratio of 15.78 and a beta of 2.07.

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 (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.04). The firm had revenue of $655.00 million for the quarter, compared to analyst estimates of $647.06 million. Zillow Group had a negative net margin of 2.60% and a negative return on equity of 1.26%. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, equities analysts anticipate that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Zillow Group from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Zelman & Associates upgraded Zillow Group to a "hold" rating in a report on Friday, August 8th. Piper Sandler raised their target price on shares of Zillow Group from $82.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Wells Fargo & Company lifted their target price on shares of Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Susquehanna restated a "neutral" rating on shares of Zillow Group in a research report on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Zillow Group presently has a consensus rating of "Hold" and a consensus price target of $85.62.

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.

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