Aviva PLC Cuts Position in Zillow Group, Inc. (NASDAQ:ZG)

Aviva PLC cut its stake in Zillow Group, Inc. (NASDAQ:ZGGet Rating) by 50.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,103 shares of the technology company’s stock after selling 8,173 shares during the period. Aviva PLC’s holdings in Zillow Group were worth $258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Zillow Group by 69.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company’s stock worth $53,000 after acquiring an additional 441 shares in the last quarter. Tcwp LLC purchased a new stake in Zillow Group during the first quarter valued at about $52,000. Prudential PLC purchased a new stake in Zillow Group during the first quarter valued at about $144,000. MetLife Investment Management LLC purchased a new stake in Zillow Group during the first quarter valued at about $185,000. Finally, Versor Investments LP purchased a new stake in Zillow Group during the first quarter valued at about $207,000. 19.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zillow Group

In other Zillow Group news, insider Susan Daimler sold 5,835 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $33.49, for a total transaction of $195,414.15. Following the completion of the transaction, the insider now owns 42,708 shares of the company’s stock, valued at $1,430,290.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Susan Daimler sold 5,835 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $33.49, for a total transaction of $195,414.15. Following the sale, the insider now owns 42,708 shares in the company, valued at $1,430,290.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jennifer Rock sold 3,486 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $36.43, for a total transaction of $126,994.98. Following the sale, the chief accounting officer now owns 78,069 shares in the company, valued at approximately $2,844,053.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,604 shares of company stock valued at $478,439. Corporate insiders own 18.52% of the company’s stock.

Zillow Group Trading Down 0.7 %

Shares of NASDAQ ZG opened at $32.19 on Monday. Zillow Group, Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $69.00. The company has a 50 day simple moving average of $31.53 and a two-hundred day simple moving average of $34.87. The company has a quick ratio of 12.57, a current ratio of 12.09 and a debt-to-equity ratio of 0.36.

Zillow Group (NASDAQ:ZGGet Rating) last announced its earnings results on Wednesday, November 2nd. The technology company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. Zillow Group had a negative net margin of 3.01% and a negative return on equity of 3.16%. The business had revenue of $483.00 million during the quarter, compared to the consensus estimate of $455.98 million. On average, analysts forecast that Zillow Group, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ZG. Morgan Stanley cut their price target on shares of Zillow Group to $42.00 in a research report on Friday, July 22nd. Compass Point began coverage on shares of Zillow Group in a research report on Monday, September 19th. They set a “buy” rating and a $50.00 price target for the company. Canaccord Genuity Group lowered shares of Zillow Group from a “buy” rating to a “hold” rating and cut their price target for the company from $48.00 to $34.00 in a research report on Thursday. Wedbush dropped their target price on shares of Zillow Group from $39.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, September 26th. Finally, DA Davidson dropped their target price on shares of Zillow Group from $78.00 to $53.00 in a report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Zillow Group has a consensus rating of “Hold” and an average price target of $45.10.

Zillow Group Company Profile

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Zillow Group, Inc engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions.

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Institutional Ownership by Quarter for Zillow Group (NASDAQ:ZG)

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