Lido Advisors LLC Sells 16,778 Shares of Zillow Group, Inc. $ZG

Lido Advisors LLC lessened its holdings in Zillow Group, Inc. (NASDAQ:ZGFree Report) by 33.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,068 shares of the technology company’s stock after selling 16,778 shares during the quarter. Lido Advisors LLC’s holdings in Zillow Group were worth $1,410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Zillow Group by 18.2% during the first quarter. Dimensional Fund Advisors LP now owns 554,460 shares of the technology company’s stock valued at $22,947,000 after buying an additional 85,367 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in shares of Zillow Group by 11.2% in the 1st quarter. Simon Quick Advisors LLC now owns 12,608 shares of the technology company’s stock valued at $522,000 after acquiring an additional 1,265 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Zillow Group by 990.3% in the 1st quarter. Fifth Third Bancorp now owns 1,014 shares of the technology company’s stock valued at $42,000 after acquiring an additional 921 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Zillow Group by 89.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 8,785 shares of the technology company’s stock valued at $364,000 after acquiring an additional 4,139 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Zillow Group by 1,616.8% during the 1st quarter. Hsbc Holdings PLC now owns 135,352 shares of the technology company’s stock valued at $5,602,000 after acquiring an additional 127,468 shares during the period. 20.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Piper Sandler decreased their price target on Zillow Group from $70.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Mizuho dropped their price objective on Zillow Group from $65.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. The Goldman Sachs Group cut their target price on shares of Zillow Group from $53.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Wells Fargo & Company lifted their target price on shares of Zillow Group from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Barclays lowered their price target on shares of Zillow Group from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zillow Group has a consensus rating of “Moderate Buy” and an average price target of $69.48.

Get Our Latest Research Report on Zillow Group

Zillow Group Price Performance

ZG opened at $31.99 on Tuesday. The business has a 50 day simple moving average of $33.44 and a two-hundred day simple moving average of $43.42. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 127.96, a PEG ratio of 1.31 and a beta of 1.95. Zillow Group, Inc. has a one year low of $29.03 and a one year high of $90.22.

Zillow Group (NASDAQ:ZGGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10. Zillow Group had a return on equity of 1.41% and a net margin of 2.27%.The business had revenue of $708.00 million during the quarter, compared to analysts’ expectations of $705.17 million. During the same quarter last year, the business posted $0.41 EPS. The business’s revenue was up 18.4% on a year-over-year basis. As a group, sell-side analysts expect that Zillow Group, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, insider Dan Spaulding sold 3,078 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $115,117.20. Following the transaction, the insider directly owned 49,696 shares of the company’s stock, valued at approximately $1,858,630.40. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Bradley D. Owens sold 3,364 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $37.23, for a total transaction of $125,241.72. Following the completion of the transaction, the general counsel owned 65,245 shares of the company’s stock, valued at $2,429,071.35. This trade represents a 4.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 42,910 shares of company stock valued at $1,605,732 over the last three months. Insiders own 29.88% of the company’s stock.

Zillow Group Profile

(Free Report)

Zillow Group (NASDAQ:ZG) is a U.S.-based online real estate marketplace that connects consumers, real estate professionals and mortgage lenders through a suite of digital products and advertising services. Founded in 2006 by Rich Barton and Lloyd Frink and headquartered in Seattle, Washington, the company operates a portfolio of consumer-facing brands and tools designed to simplify home search, rental discovery, valuation and mortgage shopping.

Zillow’s core products include its consumer websites and mobile apps that list homes for sale and rent, the Zestimate automated home value estimate, and marketplaces that connect buyers and renters with agents and lenders.

See Also

Want to see what other hedge funds are holding ZG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zillow Group, Inc. (NASDAQ:ZGFree Report).

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

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