Zillow Group, Inc. $ZG Stock Holdings Lowered by Independent Franchise Partners LLP

Independent Franchise Partners LLP cut its position in Zillow Group, Inc. (NASDAQ:ZG) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,002,694 shares of the technology company’s stock after selling 35,823 shares during the quarter. Zillow Group comprises 1.0% of Independent Franchise Partners LLP’s holdings, making the stock its 24th biggest position. Independent Franchise Partners LLP owned approximately 0.83% of Zillow Group worth $149,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Zillow Group by 4.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,657 shares of the technology company’s stock worth $256,000 after purchasing an additional 156 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Zillow Group by 78.9% during the third quarter. Smartleaf Asset Management LLC now owns 424 shares of the technology company’s stock valued at $33,000 after buying an additional 187 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Zillow Group by 23.1% during the third quarter. Jones Financial Companies Lllp now owns 1,033 shares of the technology company’s stock valued at $80,000 after buying an additional 194 shares during the last quarter. PFG Investments LLC boosted its position in shares of Zillow Group by 4.4% during the third quarter. PFG Investments LLC now owns 4,743 shares of the technology company’s stock worth $353,000 after buying an additional 200 shares during the period. Finally, New York Life Investment Management LLC boosted its position in shares of Zillow Group by 4.4% during the third quarter. New York Life Investment Management LLC now owns 5,070 shares of the technology company’s stock worth $377,000 after buying an additional 214 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Zillow Group Price Performance

ZG opened at $42.15 on Friday. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 468.39, a price-to-earnings-growth ratio of 2.28 and a beta of 2.05. Zillow Group, Inc. has a 1-year low of $40.69 and a 1-year high of $90.22. The business has a 50 day moving average price of $54.94 and a two-hundred day moving average price of $66.97.

Zillow Group (NASDAQ:ZG) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $650.40 million. During the same period in the previous year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. Equities analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $44.25, for a total value of $604,499.25. Following the sale, the chief executive officer directly owned 116,322 shares in the company, valued at approximately $5,147,248.50. The trade was a 10.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 7,015 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $44.21, for a total transaction of $310,133.15. Following the completion of the sale, the insider directly owned 113,800 shares of the company’s stock, valued at $5,031,098. The trade was a 5.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 60,801 shares of company stock valued at $2,683,986. Corporate insiders own 17.14% of the company’s stock.

Analyst Ratings Changes

ZG has been the topic of several analyst reports. DA Davidson set a $75.00 target price on Zillow Group in a research report on Thursday, February 12th. Barclays reduced their price target on Zillow Group from $72.00 to $66.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Cantor Fitzgerald decreased their price target on Zillow Group from $68.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, January 21st. Finally, KeyCorp reduced 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. Fourteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.05.

About Zillow Group

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.