Zillow Group, Inc. $ZG Stake Reduced by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in Zillow Group, Inc. by 50%, leaving the firm with 5,000 shares worth approximately $334,000.
• Several institutional investors have adjusted their holdings, including Ieq Capital LLC and APG Asset Management N.V., which increased their stakes in Zillow Group during the same quarter.
• Zillow Group's stock has a consensus rating of "Hold" with an average price target of $85.62, as analysts issued varying ratings and price targets recently.

B. Metzler seel. Sohn & Co. AG reduced its stake in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 50.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the technology company's stock after selling 5,000 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Zillow Group were worth $334,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ieq Capital LLC grew its stake in Zillow Group by 3.6% during the 1st quarter. Ieq Capital LLC now owns 12,560 shares of the technology company's stock worth $840,000 after buying an additional 437 shares during the last quarter. Independent Franchise Partners LLP boosted its position in Zillow Group by 1.8% during the 1st quarter. Independent Franchise Partners LLP now owns 2,060,399 shares of the technology company's stock worth $137,758,000 after acquiring an additional 36,046 shares during the period. APG Asset Management N.V. boosted its position in Zillow Group by 36.4% during the 1st quarter. APG Asset Management N.V. now owns 4,500 shares of the technology company's stock worth $279,000 after acquiring an additional 1,200 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Zillow Group by 22.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,312 shares of the technology company's stock worth $221,000 after acquiring an additional 600 shares during the period. Finally, Northern Trust Corp boosted its position in Zillow Group by 0.7% during the 1st quarter. Northern Trust Corp now owns 248,737 shares of the technology company's stock worth $16,631,000 after acquiring an additional 1,659 shares during the period. 20.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ZG shares. Piper Sandler boosted their price target on Zillow Group from $82.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. The Goldman Sachs Group reduced their price target on Zillow Group from $77.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company boosted their price target on Zillow Group from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Zelman & Associates upgraded Zillow Group to a "hold" rating in a research report on Friday, August 8th. Finally, Evercore ISI boosted their price target on Zillow Group from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of "Hold" and a consensus target price of $85.62.

Zillow Group Stock Down 1.2%

Shares of Zillow Group stock opened at $81.48 on Monday. The firm has a market cap of $19.74 billion, a price-to-earnings ratio of -313.38, a price-to-earnings-growth ratio of 15.35 and a beta of 2.02. The business has a fifty day simple moving average of $76.11 and a 200-day simple moving average of $70.76. Zillow Group, Inc. has a fifty-two week low of $51.16 and a fifty-two week high of $86.58.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The firm had revenue of $655.00 million during 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 company's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. Analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at Zillow Group

In other news, CFO Jeremy Hofmann sold 8,168 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $85.35, for a total transaction of $697,138.80. Following the sale, the chief financial officer directly owned 84,146 shares of the company's stock, valued at $7,181,861.10. The trade was a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Bradley D. Owens sold 3,014 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $85.35, for a total value of $257,244.90. Following the sale, the general counsel directly owned 42,593 shares in the company, valued at $3,635,312.55. This trade represents a 6.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 580,379 shares of company stock valued at $49,319,729 over the last ninety days. Company insiders own 17.14% of the company's stock.

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.

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