Zillow Group, Inc. (NASDAQ:ZG) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its holdings in Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 247,078 shares of the technology company's stock after purchasing an additional 6,088 shares during the quarter. Northern Trust Corp owned about 0.11% of Zillow Group worth $17,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pilgrim Partners Asia Pte Ltd bought a new stake in Zillow Group in the 4th quarter valued at $27,000. Blue Trust Inc. increased its position in Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC bought a new position in Zillow Group during the 4th quarter worth $47,000. Assetmark Inc. increased its position in 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 buying an additional 755 shares during the period. Finally, Jones Financial Companies Lllp increased its position in 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 buying an additional 159 shares during the period. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZG has been the topic of several recent research reports. Bank of America increased their price objective on Zillow Group from $81.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upgraded Zillow Group to a "hold" rating in a research report on Friday, March 28th. William Blair assumed coverage on Zillow Group in a research note on Monday, April 21st. They set a "market perform" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $88.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Finally, Benchmark cut their price target on Zillow Group from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.80.

Zillow Group Stock Down 0.7%

NASDAQ:ZG traded down $0.50 during midday trading on Tuesday, hitting $66.34. The stock had a trading volume of 38,611 shares, compared to its average volume of 560,650. Zillow Group, Inc. has a one year low of $38.40 and a one year high of $86.58. The company has a market capitalization of $16.09 billion, a price-to-earnings ratio of -141.73, a PEG ratio of 8.90 and a beta of 2.22. The stock has a 50-day moving average of $65.94 and a 200 day moving average of $71.77.

Zillow Group (NASDAQ:ZG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.06). The company had revenue of $598.00 million for the quarter, compared to analysts' expectations of $587.88 million. Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. On average, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Bradley D. Owens sold 3,466 shares of Zillow Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.96, for a total transaction of $239,015.36. Following the sale, the general counsel now owns 47,215 shares of the company's stock, valued at approximately $3,255,946.40. The trade was a 6.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dan Spaulding sold 5,534 shares of Zillow Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $68.98, for a total transaction of $381,735.32. Following the sale, the insider now directly owns 68,889 shares in the company, valued at approximately $4,751,963.22. The trade was a 7.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,741 shares of company stock worth $11,414,034 in the last ninety days. Company insiders own 17.14% of the company's stock.

Zillow Group Company 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.