Thrivent Financial for Lutherans Trims Stock Position in Zillow Group, Inc. $ZG

Thrivent Financial for Lutherans lessened its stake in Zillow Group, Inc. (NASDAQ:ZG) by 69.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,780 shares of the technology company’s stock after selling 48,818 shares during the period. Thrivent Financial for Lutherans’ holdings in Zillow Group were worth $1,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lavaca Capital LLC lifted its holdings in Zillow Group by 67.0% in the second quarter. Lavaca Capital LLC now owns 1,670 shares of the technology company’s stock valued at $114,000 after acquiring an additional 670 shares during the period. Assetmark Inc. increased its holdings in shares of Zillow Group by 207.0% during the 2nd quarter. Assetmark Inc. now owns 1,980 shares of the technology company’s stock valued at $136,000 after purchasing an additional 1,335 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Zillow Group by 79.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,021 shares of the technology company’s stock valued at $138,000 after purchasing an additional 892 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Zillow Group during the third quarter worth $201,000. Finally, Capital Advisors Wealth Management LLC acquired a new stake in Zillow Group during the third quarter valued at $204,000. 20.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZG has been the subject of a number of recent analyst reports. KeyCorp cut their price objective on shares of Zillow Group from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, February 6th. UBS Group set a $80.00 price target on Zillow Group in a research note on Wednesday. Robert W. Baird set a $67.00 price target on Zillow Group in a research report on Wednesday. Piper Sandler restated an “overweight” rating and set a $70.00 price objective (down from $85.00) on shares of Zillow Group in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on Zillow Group from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and an average price target of $78.43.

Insider Buying and Selling at Zillow Group

In related news, General Counsel Bradley D. Owens sold 2,722 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $67.41, for a total transaction of $183,490.02. Following the transaction, the general counsel owned 37,974 shares of the company’s stock, valued at approximately $2,559,827.34. This represents a 6.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erik C. Blachford sold 965 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $72.51, for a total value of $69,972.15. Following the transaction, the director owned 33,543 shares of the company’s stock, valued at $2,432,202.93. This trade represents a 2.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,928 shares of company stock worth $270,937 in the last quarter. Company insiders own 17.14% of the company’s stock.

Zillow Group Stock Performance

Shares of ZG stock opened at $43.70 on Friday. The firm has a market cap of $10.58 billion, a P/E ratio of 485.61, a P/E/G ratio of 2.62 and a beta of 2.04. The firm’s 50 day moving average price is $65.38 and its 200-day moving average price is $72.06. Zillow Group, Inc. has a one year low of $43.22 and a one year high of $90.22.

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

Key Zillow Group News

Here are the key news stories impacting Zillow Group this week:

• Positive Sentiment: Zillow reported revenue growth and strong rental and mortgage momentum — revenue beat consensus and management highlighted rentals growth that supports a narrowing valuation gap. Yahoo: Profitability Milestone
• Positive Sentiment: Several firms still maintain constructive ratings: Citigroup kept a “buy” on ZG while lowering its PT to $78 (still implying meaningful upside), and Piper Sandler reaffirmed an “overweight” with a $70 PT — signaling continued analyst conviction despite cuts. Benzinga: Citi & Piper notes
• Neutral Sentiment: Keefe Bruyette raised its price target to $80 from $65 but kept a Market Perform rating, reflecting uncertainty (notably around the Compass litigation outcome). InsiderMonkey: Analyst roundup
• Neutral Sentiment: Barclays moved to “equal weight” and trimmed its PT to $66, and Cantor Fitzgerald cut its PT to $56 with a “neutral” rating — multiple shops are lowering targets but stopping short of bearish ratings. Benzinga: PT cuts
• Negative Sentiment: Zillow missed Q4 EPS (adjusted EPS ~ $0.39 vs. estimates around $0.40–$0.42) and some analysts trimmed forward forecasts after the print; the earnings shortfall prompted selling despite the revenue beat. Zacks: Q4 EPS misses
• Negative Sentiment: Coverage notes and headlines flagged a projected earnings shortfall and broader sector weakness; several outlets explain the stock decline as investors reacting to margin pressure and higher costs. Fool: Why ZG dropped
• Negative Sentiment: Litigation risk: Barron’s details multiple lawsuits from competitors and consumers across Zillow’s businesses — a material legal overhang that could affect future costs and execution. Barron’s: Litigation coverage
• Negative Sentiment: Market perception: Zillow was called out among weaker real‑estate services names and the stock fell after the Q4 print as investors focused on EPS misses and analyst downgrades. MSN: Sector weakness Yahoo: Stock falls after Q4

Zillow Group Company 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.