Zillow Group, Inc. $ZG Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 38,344.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,604,270 shares of the technology company’s stock after purchasing an additional 1,600,097 shares during the quarter. M&T Bank Corp’s holdings in Zillow Group were worth $120,092,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Optas LLC boosted its stake in shares of Zillow Group by 131.1% during the fourth quarter. Optas LLC now owns 6,482 shares of the technology company’s stock valued at $442,000 after acquiring an additional 3,677 shares during the last quarter. Ninety One SA Pty Ltd acquired a new stake in shares of Zillow Group during the fourth quarter valued at $437,000. Oak Thistle LLC acquired a new stake in shares of Zillow Group during the fourth quarter valued at $1,101,000. Aaron Wealth Advisors LLC boosted its stake in shares of Zillow Group by 196.8% during the fourth quarter. Aaron Wealth Advisors LLC now owns 10,298 shares of the technology company’s stock valued at $703,000 after acquiring an additional 6,828 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Zillow Group by 10.4% during the fourth quarter. Signaturefd LLC now owns 1,711 shares of the technology company’s stock valued at $117,000 after acquiring an additional 161 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ZG. Robert W. Baird decreased their price objective on Zillow Group from $67.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. KeyCorp decreased their price objective on Zillow Group from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. BNP Paribas Exane started coverage on Zillow Group in a research note on Wednesday, January 14th. They set an “outperform” rating and a $85.00 price objective on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zillow Group in a research report on Wednesday, January 21st. Finally, UBS Group set a $80.00 target price on Zillow Group in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $77.05.

Zillow Group Trading Down 2.7%

NASDAQ ZG opened at $46.18 on Wednesday. The business’s 50-day moving average price is $43.58 and its 200 day moving average price is $59.58. Zillow Group, Inc. has a twelve month low of $39.14 and a twelve month high of $90.22. The company has a market capitalization of $11.08 billion, a PE ratio of 513.17, a price-to-earnings-growth ratio of 2.33 and a beta of 2.10.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $654.00 million for the quarter, compared to analyst estimates of $650.40 million. Zillow Group had a return on equity of 0.56% and a net margin of 0.89%.The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Equities analysts predict that Zillow Group, Inc. will post 0.82 EPS for the current year.

Insider Activity at Zillow Group

In other Zillow Group news, CEO Jeremy Wacksman sold 13,661 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $44.25, for a total transaction of $604,499.25. Following the completion of the sale, the chief executive officer directly owned 116,322 shares in the company, valued at $5,147,248.50. This represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Dan Spaulding sold 5,361 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $43.95, for a total value of $235,615.95. Following the sale, the insider owned 41,080 shares of the company’s stock, valued at $1,805,466. This represents a 11.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 60,801 shares of company stock valued at $2,683,986 over the last three months. Insiders own 17.14% of the company’s stock.

Zillow Group Profile

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.