China Universal Asset Management Co. Ltd. Buys New Stake in Zillow Group, Inc. (NASDAQ:ZG)

China Universal Asset Management Co. Ltd. purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,000 shares of the technology company's stock, valued at approximately $1,305,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Zillow Group during the fourth quarter worth $59,032,000. BlackRock Inc. increased its holdings in shares of Zillow Group by 16.0% in the third quarter. BlackRock Inc. now owns 2,489,506 shares of the technology company's stock valued at $71,275,000 after purchasing an additional 343,693 shares during the last quarter. State of Wisconsin Investment Board acquired a new position in shares of Zillow Group in the fourth quarter valued at $10,502,000. Qube Research & Technologies Ltd increased its holdings in shares of Zillow Group by 50.5% in the third quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company's stock valued at $42,397,000 after purchasing an additional 317,683 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Zillow Group in the fourth quarter valued at $8,291,000. Institutional investors own 20.32% of the company's stock.

Insiders Place Their Bets

In other news, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total transaction of $209,262.40. Following the transaction, the insider now directly owns 168,863 shares of the company's stock, valued at approximately $8,375,604.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Dan Spaulding sold 3,086 shares of Zillow Group stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the completion of the transaction, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Errol G. Samuelson sold 4,219 shares of Zillow Group stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now owns 168,863 shares of the company's stock, valued at approximately $8,375,604.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,289 shares of company stock valued at $9,642,508. Insiders own 17.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZG. Bank of America downgraded shares of Zillow Group from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 10th. Piper Sandler increased their price objective on shares of Zillow Group from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 14th. Stephens reiterated an "overweight" rating and set a $79.00 price objective on shares of Zillow Group in a research note on Wednesday, February 14th. Royal Bank of Canada restated an "outperform" rating and issued a $66.00 price target on shares of Zillow Group in a research note on Tuesday, March 5th. Finally, JMP Securities raised their price target on shares of Zillow Group from $60.00 to $68.00 and gave the company a "market outperform" rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.71.

Zillow Group Trading Down 0.0 %

Shares of Zillow Group stock traded down $0.02 during midday trading on Thursday, reaching $45.83. 349,916 shares of the company's stock traded hands, compared to its average volume of 718,491. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.24 and a current ratio of 3.24. The company has a market cap of $10.70 billion, a PE ratio of -67.40 and a beta of 1.83. The stock has a 50 day moving average of $52.17 and a 200-day moving average of $47.68. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $59.23.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The business had revenue of $474.00 million during the quarter, compared to the consensus estimate of $450.75 million. As a group, equities analysts expect that Zillow Group, Inc. will post -0.15 EPS for the current fiscal year.

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.