Thrivent Financial for Lutherans Acquires 44,959 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Thrivent Financial for Lutherans boosted its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 155.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 73,933 shares of the technology company’s stock after purchasing an additional 44,959 shares during the period. Thrivent Financial for Lutherans’ holdings in Zillow Group were worth $3,330,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ZG. Vanguard Group Inc. lifted its stake in Zillow Group by 27.4% in the fourth quarter. Vanguard Group Inc. now owns 8,054,673 shares of the technology company’s stock worth $456,861,000 after purchasing an additional 1,730,731 shares during the last quarter. Berkshire Capital Holdings Inc. lifted its stake in Zillow Group by 1,145,800.0% in the fourth quarter. Berkshire Capital Holdings Inc. now owns 114,590 shares of the technology company’s stock worth $6,630,000 after purchasing an additional 114,580 shares during the last quarter. Shannon River Fund Management LLC bought a new stake in Zillow Group in the fourth quarter worth $4,384,000. US Bancorp DE raised its stake in shares of Zillow Group by 42.6% during the first quarter. US Bancorp DE now owns 246,020 shares of the technology company’s stock valued at $11,775,000 after acquiring an additional 73,504 shares during the last quarter. Finally, Flight Deck Capital LP bought a new position in shares of Zillow Group during the fourth quarter valued at about $3,551,000. 20.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ZG shares. DA Davidson upped their price objective on shares of Zillow Group from $52.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Craig Hallum upped their price objective on shares of Zillow Group from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a research note on Monday, September 23rd. UBS Group boosted their price target on shares of Zillow Group from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Wedbush upgraded shares of Zillow Group from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $80.00 in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.94.

Insider Activity at Zillow Group

In related news, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $49.23, for a total transaction of $199,381.50. Following the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Zillow Group news, insider Dan Spaulding sold 2,991 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $53.18, for a total value of $159,061.38. Following the transaction, the insider now directly owns 70,342 shares in the company, valued at $3,740,787.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer Rock sold 4,050 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $49.23, for a total transaction of $199,381.50. Following the completion of the transaction, the chief accounting officer now owns 79,694 shares in the company, valued at $3,923,335.62. The disclosure for this sale can be found here. Insiders have sold a total of 221,999 shares of company stock worth $11,780,363 over the last quarter. Company insiders own 17.14% of the company’s stock.

Zillow Group Trading Down 0.1 %

NASDAQ:ZG opened at $63.48 on Monday. The company’s 50 day moving average price is $53.17 and its 200-day moving average price is $47.57. Zillow Group, Inc. has a 52 week low of $33.23 and a 52 week high of $66.75. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of -92.00 and a beta of 2.00.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The company had revenue of $572.00 million for the quarter, compared to the consensus estimate of $538.36 million. Zillow Group had a negative net margin of 6.81% and a negative return on equity of 2.50%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. On average, equities research analysts forecast that Zillow Group, Inc. will post -0.33 earnings per share for the current fiscal year.

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.