Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,880 shares of the technology company’s stock after selling 8,964 shares during the period. Bank of New York Mellon Corp owned 0.08% of Zillow Group worth $8,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of Zillow Group by 69.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the technology company’s stock valued at $53,000 after acquiring an additional 441 shares during the last quarter. Point72 Middle East FZE acquired a new stake in shares of Zillow Group during the fourth quarter valued at about $64,000. Acadian Asset Management LLC acquired a new stake in shares of Zillow Group during the first quarter valued at about $101,000. Atlas Capital Advisors LLC acquired a new stake in shares of Zillow Group during the first quarter valued at about $103,000. Finally, Prudential PLC acquired a new stake in shares of Zillow Group during the first quarter valued at about $144,000. 18.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zillow Group

In other news, General Counsel Bradley D. Owens sold 1,227 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $40.86, for a total transaction of $50,135.22. Following the completion of the sale, the general counsel now owns 22,809 shares in the company, valued at approximately $931,975.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, General Counsel Bradley D. Owens sold 1,227 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $40.86, for a total value of $50,135.22. Following the completion of the sale, the general counsel now owns 22,809 shares in the company, valued at approximately $931,975.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Jeremy Wacksman sold 3,125 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $40.72, for a total transaction of $127,250.00. Following the completion of the sale, the chief operating officer now owns 73,965 shares of the company’s stock, valued at approximately $3,011,854.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,505 shares of company stock worth $2,943,479. 17.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Benchmark lifted their price objective on shares of Zillow Group from $65.00 to $67.00 in a report on Thursday, August 3rd. Barclays lifted their price objective on shares of Zillow Group from $30.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, August 4th. Susquehanna dropped their price objective on shares of Zillow Group from $50.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Piper Sandler dropped their price objective on shares of Zillow Group from $68.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of Zillow Group from $50.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Zillow Group has an average rating of “Moderate Buy” and a consensus price target of $52.83.

Zillow Group Stock Down 3.7 %

Shares of NASDAQ:ZG opened at $37.71 on Friday. The company has a market capitalization of $8.81 billion, a PE ratio of -56.28 and a beta of 1.80. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.23. Zillow Group, Inc. has a twelve month low of $30.23 and a twelve month high of $55.68. The firm has a 50 day simple moving average of $41.15 and a 200-day simple moving average of $46.15.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands on mobile applications and Websites in the United States. The company operates through Internet, Media & Technology (IMT); Mortgages; and Homes segments. Its IMT segment offers premier agent and rentals marketplaces, as well as other services, which includes new construction marketplace, advertising, and business technology solutions, as well as display and dotloop and floor plans.