Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,171 shares of the technology company’s stock after selling 443 shares during the period. Commonwealth Equity Services LLC’s holdings in Zillow Group were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Walleye Capital LLC bought a new position in shares of Zillow Group in the third quarter valued at $212,000. Quantinno Capital Management LP acquired a new stake in shares of Zillow Group in the third quarter worth $325,000. State Street Corp increased its stake in shares of Zillow Group by 0.4% in the third quarter. State Street Corp now owns 805,279 shares of the technology company’s stock worth $49,871,000 after purchasing an additional 2,832 shares during the period. M&T Bank Corp acquired a new stake in shares of Zillow Group in the third quarter worth $258,000. Finally, Geode Capital Management LLC lifted its stake in shares of Zillow Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after buying an additional 32,766 shares during the period. 20.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ZG. JMP Securities lifted their target price on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. Benchmark boosted their target price on Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price objective on shares of Zillow Group in a research note on Wednesday, February 12th. Evercore ISI upped their price target 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, Keefe, Bruyette & Woods raised shares of Zillow Group to a “hold” rating in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Zillow Group presently has an average rating of “Moderate Buy” and an average target price of $82.25.

Zillow Group Stock Performance

Shares of NASDAQ ZG opened at $64.96 on Thursday. The company has a market capitalization of $15.76 billion, a P/E ratio of -138.21, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22. The company’s 50 day moving average price is $72.25 and its 200-day moving average price is $70.79. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $99,248.44. Following the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at $6,750,215.16. The trade was a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 98,919 shares of company stock valued at $7,869,478. 17.14% of the stock is owned by insiders.

About Zillow Group

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.