River Global Investors LLP Sells 1,000 Shares of Zillow Group, Inc. (NASDAQ:ZG)

River Global Investors LLP trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,316 shares of the technology company’s stock after selling 1,000 shares during the quarter. River Global Investors LLP’s holdings in Zillow Group were worth $1,152,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ZG. Qube Research & Technologies Ltd lifted its holdings in shares of Zillow Group by 50.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after purchasing an additional 317,683 shares during the last quarter. Invesco Ltd. raised its stake in Zillow Group by 322.7% in the third quarter. Invesco Ltd. now owns 149,822 shares of the technology company’s stock valued at $6,711,000 after buying an additional 114,377 shares during the last quarter. CWM LLC boosted its holdings in Zillow Group by 3,675.7% in the fourth quarter. CWM LLC now owns 46,139 shares of the technology company’s stock worth $2,617,000 after acquiring an additional 44,917 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Zillow Group by 160.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 49,939 shares of the technology company’s stock worth $2,833,000 after acquiring an additional 30,747 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new position in shares of Zillow Group during the fourth quarter valued at about $1,305,000. Institutional investors own 20.32% of the company’s stock.

Insiders Place Their Bets

In other Zillow Group news, insider Dan Spaulding sold 5,114 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $55.45, for a total transaction of $283,571.30. Following the sale, the insider now directly owns 43,180 shares in the company, valued at approximately $2,394,331. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Bradley D. Owens sold 966 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.01, for a total value of $56,037.66. Following the sale, the general counsel now owns 17,181 shares in the company, valued at approximately $996,669.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dan Spaulding sold 5,114 shares of Zillow Group stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.45, for a total value of $283,571.30. Following the transaction, the insider now directly owns 43,180 shares of the company’s stock, valued at $2,394,331. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,289 shares of company stock worth $9,642,508. 17.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on ZG. Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Zillow Group in a research report on Tuesday, April 30th. JPMorgan Chase & Co. decreased their target price on Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday. DA Davidson reiterated a “buy” rating and issued a $63.00 price target on shares of Zillow Group in a report on Friday, April 5th. Stephens reissued an “overweight” rating and set a $79.00 price target on shares of Zillow Group in a research report on Wednesday, February 14th. Finally, Barclays dropped their price objective on shares of Zillow Group from $40.00 to $35.00 and set an “underweight” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.40.

Zillow Group Stock Performance

ZG traded up $0.88 during trading on Friday, hitting $40.07. The stock had a trading volume of 900,525 shares, compared to its average volume of 623,437. The firm has a market capitalization of $9.36 billion, a P/E ratio of -58.07 and a beta of 1.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.24 and a current ratio of 3.32. Zillow Group, Inc. has a twelve month low of $33.23 and a twelve month high of $59.23. The company’s 50-day moving average price is $47.44 and its 200 day moving average price is $47.59.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. The business had revenue of $474.00 million for the quarter, compared to analyst estimates of $450.75 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. On average, equities research analysts forecast that Zillow Group, Inc. will post -0.18 EPS for the current fiscal year.

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.