2 weeks Ago By ABMN Staff
LPL Financial LLC lessened its holdings in shares of Zillow Group, Inc. ( NASDAQ:ZG – Free Report ) by 6.9% in the fourth quarter, Holdings Channel.
com reports. The fund owned 11,934 shares of the technology company’s stock after selling 880 shares during the period. LPL Financial LLC’s holdings in Zillow Group were worth $845,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Virtu Financial LLC raised its holdings in Zillow Group by 101.3% in 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. Great Lakes Advisors LLC raised its stake in Zillow Group by 2.8% in 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in Zillow Group in the fourth quarter worth about $14,916,000.
NINE MASTS CAPITAL Ltd boosted its position in Zillow Group by 47.4% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 163,658 shares of the technology company’s stock valued at $11,595,000 after acquiring an additional 52,622 shares in the last quarter.
Finally, Baillie Gifford & Co. grew its holdings in shares of Zillow Group by 0.6% during the 4th quarter.
Baillie Gifford & Co. now owns 92,025 shares of the technology company’s stock worth $6,520,000 after acquiring an additional 509 shares during the period. Hedge funds and other institutional investors own 20.
32% of the company’s stock. Insider Transactions at Zillow Group In other Zillow Group news, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were 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 in the company, valued at approximately $6,750,215.
16. This trade represents a 1.45 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 owns 51,370 shares of the company’s stock, valued at approximately $3,878,435.
The trade was a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 98,919 shares of company stock worth $7,869,478 in the last quarter. Company insiders own 17.14% of the company’s stock.
Zillow Group Stock Down 3.3 % Zillow Group ( NASDAQ:ZG – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.
22) EPS for the quarter, missing the consensus estimate 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%.
Sell-side analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.
Analysts Set New Price Targets ZG has been the topic of several research reports. Piper Sandler dropped their price target on Zillow Group from $93.00 to $90.
00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Susquehanna increased their price target on shares of Zillow Group from $75.00 to $80.
00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Evercore ISI boosted their price objective on shares of Zillow Group from $75.00 to $90.
00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Robert W. Baird began coverage on shares of Zillow Group in a report on Friday, January 31st.
They set a “neutral” rating and a $88.00 target price for the company. Finally, 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 report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company.
According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.05.
Get Our Latest Research Report on Zillow Group Zillow Group Profile ( Free Report ) 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.
Featured Stories 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:ZG – Free Report ).
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