Zillow Group, Inc. (NASDAQ:ZG) Stock Position Reduced by Baird Financial Group Inc.

Baird Financial Group Inc. cut its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 4.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,704 shares of the technology company’s stock after selling 1,655 shares during the period. Baird Financial Group Inc.’s holdings in Zillow Group were worth $2,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Zillow Group during the 4th quarter worth about $165,326,000. Arrowstreet Capital Limited Partnership raised its stake 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 purchasing an additional 241,331 shares in the last quarter. Virtu Financial LLC raised its stake in shares of Zillow Group by 101.3% during the 4th quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after purchasing an additional 211,482 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Zillow Group during the 4th quarter worth about $14,916,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Zillow Group by 2,728.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 96,801 shares of the technology company’s stock worth $6,858,000 after purchasing an additional 93,378 shares in the last quarter. 20.32% of the stock is owned by hedge funds and other institutional investors.

Zillow Group Stock Up 0.0%

Shares of NASDAQ ZG opened at $66.78 on Monday. The business’s 50 day moving average is $66.35 and its two-hundred day moving average is $71.32. The company has a market cap of $16.20 billion, a P/E ratio of -142.09, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12 month low of $38.40 and a 12 month high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. The firm had revenue of $598.00 million for the quarter, compared to analyst estimates of $587.88 million. During the same period in the previous year, the business posted $0.36 EPS. Zillow Group’s revenue for the quarter was up 13.0% compared to the same quarter last year. Sell-side analysts expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Baird R W raised Zillow Group to a “hold” rating in a research note on Friday, January 31st. Benchmark cut their price objective on Zillow Group from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America raised their price objective on Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. KeyCorp cut their price objective on Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company initiated coverage on Zillow Group in a research note on Monday, April 28th. They issued a “mixed” rating and a $62.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

Insider Transactions at Zillow Group

In other news, COO Jun Choo sold 1,277 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. This trade represents a 1.45% 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. Also, CTO David A. Beitel sold 2,025 shares of Zillow Group stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.75, for a total value of $157,443.75. Following the sale, the chief technology officer now directly owns 151,046 shares in the company, valued at $11,743,826.50. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,919 shares of company stock valued at $5,744,978. 17.14% of the stock is owned by corporate insiders.

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.