First Trust Advisors LP Decreases Holdings in Zillow Group, Inc. (NASDAQ:ZG)

First Trust Advisors LP reduced its stake in shares of Zillow Group, Inc. (NASDAQ:ZG – Get Rating) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 399,457 shares of the technology company’s stock after selling 40,841 shares during the period. First Trust Advisors LP owned 0.17% of Zillow Group worth $12,467,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new stake in shares of Zillow Group during the 4th quarter worth $276,000. Dimensional Fund Advisors LP boosted its position in Zillow Group by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 342,064 shares of the technology company’s stock worth $10,675,000 after purchasing an additional 22,727 shares during the period. OTA Financial Group L.P. purchased a new position in Zillow Group in the 4th quarter valued at about $368,000. HighTower Advisors LLC purchased a new position in Zillow Group in the 4th quarter valued at about $273,000. Finally, UBS Group AG boosted its position in Zillow Group by 33.2% in the 4th quarter. UBS Group AG now owns 59,503 shares of the technology company’s stock valued at $1,857,000 after buying an additional 14,832 shares during the last quarter. 20.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on ZG. Evercore ISI raised shares of Zillow Group from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $34.00 to $61.00 in a research report on Monday, February 13th. Piper Sandler increased their price objective on shares of Zillow Group from $31.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, February 7th. The Goldman Sachs Group raised their price objective on shares of Zillow Group from $31.50 to $36.00 and gave the stock a “neutral” rating in a research note on Friday, February 17th. DA Davidson increased their target price on shares of Zillow Group from $41.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. Finally, JPMorgan Chase & Co. started coverage on shares of Zillow Group in a report on Monday, February 27th. They set an “overweight” rating and a $48.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $45.90.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 4,185 shares of the company’s stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $42.95, for a total value of $179,745.75. Following the completion of the transaction, the insider now directly owns 162,165 shares in the company, valued at approximately $6,964,986.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Susan Daimler sold 3,657 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $44.66, for a total transaction of $163,321.62. Following the sale, the insider now owns 72,329 shares of the company’s stock, valued at approximately $3,230,213.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Errol G. Samuelson sold 4,185 shares of Zillow Group stock in a transaction on Monday, March 27th. The shares were sold at an average price of $42.95, for a total transaction of $179,745.75. Following the completion of the sale, the insider now directly owns 162,165 shares in the company, valued at approximately $6,964,986.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,961 shares of company stock valued at $2,632,440. 17.14% of the stock is owned by insiders.

Zillow Group Trading Up 0.2 %

Shares of ZG stock opened at $44.69 on Wednesday. Zillow Group, Inc. has a one year low of $26.21 and a one year high of $48.48. The firm has a 50-day moving average of $43.53 and a 200-day moving average of $40.27. The company has a current ratio of 12.70, a quick ratio of 12.70 and a debt-to-equity ratio of 0.37.

Zillow Group (NASDAQ:ZG – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.22. The firm had revenue of $469.00 million for the quarter, compared to the consensus estimate of $421.37 million. Zillow Group had a negative net margin of 5.80% and a negative return on equity of 2.19%. On average, equities research analysts anticipate that Zillow Group, Inc. will post -0.72 earnings per share for the current fiscal year.

Zillow Group 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, and Technology (IMT), Mortgages, and Homes. The IMT segment includes premier agent, rentals marketplaces, and new construction marketplaces, and sale of other advertising and business technology solutions for real estate professionals.