Vanguard Group Inc. Has $526.18 Million Stake in Zillow Group, Inc. $ZG

Vanguard Group Inc. decreased its stake in Zillow Group, Inc. (NASDAQ:ZG) by 5.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,068,473 shares of the technology company’s stock after selling 406,321 shares during the period. Vanguard Group Inc.’s holdings in Zillow Group were worth $526,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ZG. AQR Capital Management LLC lifted its holdings in shares of Zillow Group by 40.5% during the first quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock valued at $862,000 after acquiring an additional 3,717 shares during the period. Millennium Management LLC boosted its stake in shares of Zillow Group by 110.8% in the 1st quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after purchasing an additional 152,955 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Zillow Group by 7.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock valued at $5,878,000 after purchasing an additional 5,737 shares during the period. Ethic Inc. boosted its holdings in Zillow Group by 31.0% during the second quarter. Ethic Inc. now owns 12,246 shares of the technology company’s stock worth $835,000 after buying an additional 2,901 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in Zillow Group during the second quarter valued at approximately $877,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Trading Up 2.4%

NASDAQ ZG opened at $43.84 on Wednesday. Zillow Group, Inc. has a 12 month low of $41.90 and a 12 month high of $90.22. The business has a fifty day simple moving average of $61.05 and a 200 day simple moving average of $70.03. The firm has a market capitalization of $10.52 billion, a P/E ratio of 487.17, a PEG ratio of 2.39 and a beta of 2.04.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The firm had revenue of $654.00 million for the quarter, compared to the consensus estimate of $650.40 million. During the same quarter in the previous year, the company posted $0.27 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity

In other Zillow Group news, insider Dan Spaulding sold 5,361 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $43.95, for a total value of $235,615.95. Following the completion of the transaction, the insider directly owned 41,080 shares in the company, valued at $1,805,466. This represents a 11.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David A. Beitel sold 3,966 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $44.22, for a total transaction of $175,376.52. Following the completion of the transaction, the chief technology officer directly owned 136,690 shares in the company, valued at $6,044,431.80. This trade represents a 2.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 62,007 shares of company stock valued at $2,771,433. Company insiders own 17.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ZG shares. KeyCorp cut their price objective on shares of Zillow Group from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. BNP Paribas Exane began coverage on shares of Zillow Group in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $85.00 price objective for the company. Sanford C. Bernstein dropped their price target on Zillow Group from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Cantor Fitzgerald reduced their price objective on Zillow Group from $68.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Zillow Group from $78.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Fourteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus target price of $78.05.

Zillow Group Profile

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.