River Global Investors LLP Has $1.15 Million Stock Position in Zillow Group, Inc. (NASDAQ:ZG)

River Global Investors LLP cut its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 4.7% in the fourth 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 period. 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 institutional investors and hedge funds have also added to or reduced their stakes in ZG. CWM LLC increased its stake in Zillow Group by 3,675.7% in the fourth quarter. CWM LLC now owns 46,139 shares of the technology company’s stock valued at $2,617,000 after purchasing an additional 44,917 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Zillow Group by 50.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 946,571 shares of the technology company’s stock valued at $42,397,000 after buying an additional 317,683 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Zillow Group by 1.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 22,100 shares of the technology company’s stock worth $1,254,000 after buying an additional 250 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in Zillow Group during the fourth quarter worth about $1,305,000. Finally, Amalgamated Bank grew its stake in Zillow Group by 70.1% in the third quarter. Amalgamated Bank now owns 14,188 shares of the technology company’s stock valued at $635,000 after acquiring an additional 5,847 shares during the period. Institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Up 2.2 %

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

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

Insiders Place Their Bets

In related news, insider Dan Spaulding sold 3,086 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the sale, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Susan Daimler sold 15,206 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $56.36, for a total transaction of $857,010.16. Following the completion of the sale, the insider now owns 36,148 shares in the company, valued at $2,037,301.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dan Spaulding sold 3,086 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $58.00, for a total value of $178,988.00. Following the transaction, the insider now owns 48,294 shares in the company, valued at approximately $2,801,052. The disclosure for this sale can be found here. Insiders have sold a total of 171,289 shares of company stock valued at $9,642,508 over the last 90 days. 17.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ZG has been the topic of a number of research analyst reports. 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. Piper Sandler upped their price target on shares of Zillow Group from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Bank of America lowered shares of Zillow Group from a “buy” rating to a “neutral” rating in a report on Wednesday, January 10th. Craig Hallum reduced their target price on shares of Zillow Group from $65.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada lowered their target price on Zillow Group from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and a consensus target price of $57.40.

Zillow Group Company 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.