Raymond James & Associates Sells 25,848 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Raymond James & Associates trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,408 shares of the technology company's stock after selling 25,848 shares during the quarter. Raymond James & Associates owned approximately 0.08% of Zillow Group worth $10,063,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth $608,000. Raymond James Trust N.A. lifted its holdings in shares of Zillow Group by 22.5% in the 4th quarter. Raymond James Trust N.A. now owns 12,500 shares of the technology company's stock worth $709,000 after acquiring an additional 2,300 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in Zillow Group during the 4th quarter worth approximately $31,000. Baker Avenue Asset Management LP increased its position in shares of Zillow Group by 8.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 17,903 shares of the technology company's stock valued at $802,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Zillow Group by 3.0% in the 3rd quarter. Royal Bank of Canada now owns 89,000 shares of the technology company's stock valued at $3,986,000 after buying an additional 2,605 shares during the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zillow Group

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

Zillow Group Stock Up 0.9 %

Shares of NASDAQ:ZG traded up $0.40 during midday trading on Friday, reaching $46.23. The company had a trading volume of 849,240 shares, compared to its average volume of 892,179. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.24 and a quick ratio of 3.24. The stock's fifty day moving average price is $51.99 and its 200-day moving average price is $47.69. The stock has a market capitalization of $10.79 billion, a P/E ratio of -67.99 and a beta of 1.83. Zillow Group, Inc. has a one year low of $33.23 and a one year high of $59.23.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its quarterly earnings results 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 net margin of 8.12% and a negative return on equity of 2.32%. The business had revenue of $474.00 million during the quarter, compared to analyst estimates of $450.75 million. Equities research analysts expect that Zillow Group, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on ZG shares. JMP Securities raised their target price on shares of Zillow Group from $60.00 to $68.00 and gave the stock a "market outperform" rating in a research note on Wednesday, February 14th. Susquehanna raised their price objective on shares of Zillow Group from $36.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $66.00 price objective on shares of Zillow Group in a research note on Tuesday, March 5th. DA Davidson restated a "buy" rating and set a $63.00 target price on shares of Zillow Group in a report on Friday. Finally, Stephens restated an "overweight" rating and set a $79.00 target price on shares of Zillow Group in a report 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.79.

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.