Polianta Ltd Takes Position in Zillow Group, Inc. $ZG

Polianta Ltd purchased a new stake in Zillow Group, Inc. (NASDAQ:ZG) in the first quarter, HoldingsChannel reports. The firm purchased 36,100 shares of the technology company’s stock, valued at approximately $1,494,000.

Several other institutional investors have also recently bought and sold shares of ZG. Norges Bank acquired a new position in Zillow Group during the 4th quarter worth $152,050,000. Independent Franchise Partners LLP increased its stake in shares of Zillow Group by 1.1% in the 4th quarter. Independent Franchise Partners LLP now owns 2,024,556 shares of the technology company’s stock valued at $138,135,000 after buying an additional 21,862 shares during the period. M&T Bank Corp raised its position in shares of Zillow Group by 38,344.0% during the fourth quarter. M&T Bank Corp now owns 1,604,270 shares of the technology company’s stock worth $120,092,000 after acquiring an additional 1,600,097 shares during the last quarter. Tiger Global Management LLC raised its position in shares of Zillow Group by 30.7% during the fourth quarter. Tiger Global Management LLC now owns 1,023,733 shares of the technology company’s stock worth $69,849,000 after acquiring an additional 240,690 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Zillow Group by 44.5% during the fourth quarter. UBS Group AG now owns 1,018,448 shares of the technology company’s stock valued at $69,489,000 after acquiring an additional 313,643 shares during the period. Institutional investors own 20.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Mizuho decreased their price target on Zillow Group from $65.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. KeyCorp dropped their price objective on Zillow Group from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Zacks Research downgraded shares of Zillow Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Robert W. Baird reduced their target price on shares of Zillow Group from $67.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Finally, Piper Sandler lowered their price target on shares of Zillow Group from $70.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $69.43.

Zillow Group Price Performance

ZG stock opened at $32.49 on Friday. The business’s fifty day moving average is $39.09 and its 200-day moving average is $50.43. The company has a market cap of $7.43 billion, a P/E ratio of 129.96, a price-to-earnings-growth ratio of 1.39 and a beta of 1.94. Zillow Group, Inc. has a twelve month low of $31.72 and a twelve month high of $90.22.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The business had revenue of $708.00 million for the quarter, compared to analyst estimates of $705.17 million. During the same period last year, the company earned $0.41 EPS. The firm’s revenue was up 18.4% on a year-over-year basis. Research analysts anticipate that Zillow Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 9,072 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $36.54, for a total transaction of $331,490.88. Following the transaction, the chief executive officer owned 153,699 shares in the company, valued at approximately $5,616,161.46. This trade represents a 5.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dan Spaulding sold 3,078 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $37.40, for a total value of $115,117.20. Following the transaction, the insider owned 49,696 shares in the company, valued at approximately $1,858,630.40. This trade represents a 5.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 42,910 shares of company stock valued at $1,605,732. Corporate insiders own 29.88% of the company’s stock.

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.