Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 22.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,316 shares of the technology company's stock after selling 6,331 shares during the quarter. Stifel Financial Corp's holdings in Zillow Group were worth $1,581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ZG. Pilgrim Partners Asia Pte Ltd purchased a new stake in Zillow Group during the fourth quarter valued at $27,000. Blue Trust Inc. increased its position in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. Asset Dedication LLC bought a new position in shares of Zillow Group in the 4th quarter worth approximately $47,000. Assetmark Inc. boosted its holdings in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company's stock worth $54,000 after buying an additional 755 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Zillow Group by 24.0% during the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company's stock valued at $58,000 after buying an additional 159 shares during the period. 20.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ZG shares. KeyCorp cut their price target on Zillow Group from $95.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Stephens restated an "overweight" rating and set a $73.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their price target on Zillow Group from $77.00 to $69.00 and set a "neutral" rating on the stock in a report on Thursday. William Blair began coverage on Zillow Group in a research note on Monday, April 21st. They issued a "market perform" rating for the company. Finally, Citigroup decreased their target price on Zillow Group from $98.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.80.

Zillow Group Trading Up 0.0 %

Shares of NASDAQ ZG traded up $0.03 during midday trading on Friday, hitting $66.78. The company's stock had a trading volume of 628,660 shares, compared to its average volume of 561,251. The business's 50 day moving average is $66.35 and its two-hundred day moving average is $71.22. Zillow Group, Inc. has a 12-month low of $38.40 and a 12-month high of $86.58. The firm has a market cap of $16.20 billion, a P/E ratio of -142.09, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $587.88 million. Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. On average, analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In related news, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company's stock, valued at $10,460,924.24. This represents a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jun Choo sold 1,277 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the sale, the chief operating officer now owns 86,853 shares of the company's stock, valued at approximately $6,750,215.16. This represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,919 shares of company stock valued at $5,744,978. 17.14% of the stock is currently owned by corporate insiders.

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.