Assetmark Inc. Acquires 1,335 Shares of Zillow Group, Inc. $ZG

Assetmark Inc. raised its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 207.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,980 shares of the technology company’s stock after buying an additional 1,335 shares during the quarter. Assetmark Inc.’s holdings in Zillow Group were worth $136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI lifted its position in Zillow Group by 79.4% in the 1st quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock valued at $33,000 after acquiring an additional 216 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Zillow Group by 33.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock worth $75,000 after purchasing an additional 280 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Zillow Group by 22.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,312 shares of the technology company’s stock worth $221,000 after purchasing an additional 600 shares during the last quarter. Wealthquest Corp bought a new position in shares of Zillow Group in the first quarter valued at approximately $238,000. Finally, Cetera Investment Advisers boosted its position in shares of Zillow Group by 15.1% during the first quarter. Cetera Investment Advisers now owns 3,709 shares of the technology company’s stock valued at $248,000 after buying an additional 487 shares during the last quarter. 20.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Canaccord Genuity Group increased their price target on Zillow Group from $76.00 to $84.00 and gave the company a “hold” rating in a research report on Thursday, August 7th. Wells Fargo & Company lowered their target price on shares of Zillow Group from $75.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday, September 11th. The Goldman Sachs Group restated a “neutral” rating and set a $78.00 price target on shares of Zillow Group in a report on Friday, October 31st. Zelman & Associates raised shares of Zillow Group to a “hold” rating in a research report on Friday, August 8th. Finally, Susquehanna dropped their target price on shares of Zillow Group from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.42.

Zillow Group Stock Up 1.5%

ZG opened at $70.81 on Monday. Zillow Group, Inc. has a twelve month low of $56.63 and a twelve month high of $90.22. The company’s 50-day moving average price is $75.57 and its two-hundred day moving average price is $73.26. The stock has a market cap of $17.16 billion, a price-to-earnings ratio of -272.35, a PEG ratio of 23.55 and a beta of 2.09.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The company had revenue of $676.00 million during the quarter, compared to the consensus estimate of $670.28 million. During the same period last year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. Zillow Group has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In related news, CEO Jeremy Wacksman sold 11,275 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $85.73, for a total value of $966,605.75. Following the sale, the chief executive officer directly owned 153,113 shares in the company, valued at approximately $13,126,377.49. The trade was a 6.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard N. Barton sold 200,000 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $84.92, for a total transaction of $16,984,000.00. Following the sale, the chairman directly owned 843,248 shares in the company, valued at approximately $71,608,620.16. This trade represents a 19.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 490,523 shares of company stock worth $42,101,645. 17.14% of the stock is owned by company insiders.

Zillow Group 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.