Vanguard Group Inc. Has $455.52 Million Holdings in Zillow Group, Inc. $ZG

Vanguard Group Inc. cut its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 6,676,232 shares of the technology company’s stock after selling 392,241 shares during the period. Vanguard Group Inc.’s holdings in Zillow Group were worth $455,519,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Zillow Group by 40.5% during the 1st quarter. AQR Capital Management LLC now owns 12,890 shares of the technology company’s stock worth $862,000 after acquiring an additional 3,717 shares in the last quarter. Millennium Management LLC lifted its holdings in Zillow Group by 110.8% in the 1st quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock worth $19,456,000 after purchasing an additional 152,955 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Zillow Group by 7.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,912 shares of the technology company’s stock worth $5,878,000 after purchasing an additional 5,737 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Zillow Group by 5.8% during the second quarter. JPMorgan Chase & Co. now owns 21,093 shares of the technology company’s stock worth $1,445,000 after purchasing an additional 1,150 shares during the period. Finally, Prudential Financial Inc. boosted its position in Zillow Group by 16.3% during the second quarter. Prudential Financial Inc. now owns 7,933 shares of the technology company’s stock worth $543,000 after purchasing an additional 1,110 shares during the period. 20.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ZG shares. Susquehanna set a $50.00 target price on Zillow Group in a research report on Thursday, February 12th. Citizens Jmp reduced their price objective on Zillow Group from $90.00 to $85.00 and set a “market outperform” rating for the company in a research report on Monday, January 12th. Citigroup decreased their price objective on Zillow Group from $100.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. 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, February 11th. Finally, Sanford C. Bernstein cut their target price on Zillow Group from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.45.

Zillow Group Trading Down 0.9%

Shares of ZG opened at $43.88 on Wednesday. The stock has a market cap of $10.53 billion, a PE ratio of 487.61, a PEG ratio of 2.17 and a beta of 2.04. Zillow Group, Inc. has a 1 year low of $39.14 and a 1 year high of $90.22. The stock has a 50 day simple moving average of $43.65 and a 200-day simple moving average of $58.22.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 earnings per share 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 company had revenue of $654.00 million during the quarter, compared to the consensus estimate of $650.40 million. During the same quarter last year, the company earned $0.27 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. On average, sell-side analysts forecast that Zillow Group, Inc. will post 0.82 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction, the chief executive officer directly owned 116,322 shares in the company, valued at $5,147,248.50. The trade was a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dan Spaulding sold 5,361 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total transaction of $235,615.95. Following the sale, the insider directly owned 41,080 shares in the company, valued at $1,805,466. This represents a 11.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 60,801 shares of company stock worth $2,683,986 in the last quarter. 29.88% of the stock is owned by corporate insiders.

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.