Fayez Sarofim & Co Sells 28,253 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Fayez Sarofim & Co trimmed its position in shares of Zillow Group, Inc. (NASDAQ:ZG - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 377,115 shares of the technology company's stock after selling 28,253 shares during the period. Fayez Sarofim & Co owned 0.16% of Zillow Group worth $26,719,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in Zillow Group in the 4th quarter valued at approximately $27,000. Blue Trust Inc. increased its stake in shares of Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company's stock worth $30,000 after acquiring an additional 172 shares during the last quarter. Asset Dedication LLC bought a new position in Zillow Group during the fourth quarter valued at approximately $47,000. Assetmark Inc. grew its position in 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 acquiring an additional 755 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 159 shares during the last quarter. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

ZG traded up $0.37 during trading on Friday, hitting $65.19. 212,713 shares of the stock traded hands, compared to its average volume of 572,359. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The business has a 50 day moving average price of $67.88 and a 200 day moving average price of $70.72. The company has a market cap of $15.81 billion, a price-to-earnings ratio of -138.70, a PEG ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ZG. Baird R W raised shares of Zillow Group to a "hold" rating in a research report on Friday, January 31st. DA Davidson restated a "buy" rating and issued a $90.00 target price on shares of Zillow Group in a research note on Friday, April 11th. Robert W. Baird started coverage on Zillow Group in a research report on Friday, January 31st. They issued a "neutral" rating and a $88.00 price objective on the stock. Evercore ISI raised their price objective on shares of Zillow Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, UBS Group cut their price target on shares of Zillow Group from $98.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $81.05.

Insider Activity

In other Zillow Group news, CFO Jeremy Hofmann sold 1,612 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Errol G. Samuelson sold 2,854 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the transaction, the insider now owns 142,636 shares of the company's stock, valued at $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock worth $7,869,478. Insiders own 17.14% of the company's stock.

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.