Stifel Financial Corp Has $1.58 Million Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

Stifel Financial Corp lessened its stake in Zillow Group, Inc. (NASDAQ:ZG) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,316 shares of the technology company’s stock after selling 6,331 shares during the quarter. Stifel Financial Corp’s holdings in Zillow Group were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZG. Norges Bank bought a new position in Zillow Group in the fourth quarter valued at about $165,326,000. Dimensional Fund Advisors LP boosted its stake in shares of Zillow Group by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 445,664 shares of the technology company’s stock valued at $31,578,000 after purchasing an additional 27,345 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of Zillow Group by 101.3% in the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock valued at $29,775,000 after purchasing an additional 211,482 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Zillow Group by 1,261.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 260,465 shares of the technology company’s stock worth $18,454,000 after buying an additional 241,331 shares during the period. Finally, Great Lakes Advisors LLC raised its stake in shares of Zillow Group by 2.8% during the fourth quarter. Great Lakes Advisors LLC now owns 228,934 shares of the technology company’s stock worth $16,220,000 after buying an additional 6,319 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Trading Down 1.4 %

Zillow Group stock opened at $66.06 on Wednesday. The company has a fifty day simple moving average of $66.73 and a 200 day simple moving average of $71.07. Zillow Group, Inc. has a 1-year low of $38.40 and a 1-year high of $86.58. The company has a market cap of $16.02 billion, a P/E ratio of -140.55, a price-to-earnings-growth ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, equities research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ZG. Stephens reaffirmed an “overweight” rating and set a $73.00 target price on shares of Zillow Group in a report on Wednesday, February 12th. Bank of America lifted their price objective on Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Citigroup decreased their target price on Zillow Group from $98.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group cut their price target on shares of Zillow Group from $98.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $80.10.

Insider Activity at Zillow Group

In related news, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now owns 127,467 shares in the company, valued at approximately $9,906,735.24. This represents a 5.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares in the company, valued at approximately $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,919 shares of company stock worth $5,744,978. Insiders own 17.14% of the company’s stock.

About Zillow Group

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.