Zillow Group, Inc. (NASDAQ:ZG) Stock Holdings Decreased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its position in Zillow Group, Inc. (NASDAQ:ZG) by 35.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,637 shares of the technology company’s stock after selling 6,903 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Zillow Group were worth $783,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZG. Future Financial Wealth Managment LLC purchased a new stake in shares of Zillow Group in the third quarter worth approximately $29,000. GAMMA Investing LLC boosted its stake in shares of Zillow Group by 86.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 561 shares during the period. Pinpoint Asset Management Ltd purchased a new position in shares of Zillow Group during the 3rd quarter valued at $95,000. Signaturefd LLC increased its stake in shares of Zillow Group by 29.7% in the second quarter. Signaturefd LLC now owns 1,572 shares of the technology company’s stock worth $71,000 after acquiring an additional 360 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Zillow Group during the third quarter worth $212,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ZG shares. Royal Bank of Canada upped their target price on Zillow Group from $66.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Zillow Group in a research report on Monday, October 7th. Barclays boosted their target price on shares of Zillow Group from $36.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. UBS Group raised their price target on shares of Zillow Group from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, DA Davidson upped their price objective on shares of Zillow Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.12.

Zillow Group Stock Performance

NASDAQ ZG opened at $79.28 on Monday. The company’s fifty day moving average is $67.11 and its two-hundred day moving average is $55.57. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of -139.09 and a beta of 2.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.13 and a quick ratio of 3.13. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $83.67.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $581.00 million for the quarter, compared to the consensus estimate of $555.45 million. Zillow Group had a negative return on equity of 2.33% and a negative net margin of 6.17%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the business earned ($0.12) earnings per share. Equities research analysts forecast that Zillow Group, Inc. will post -0.34 EPS for the current year.

Insider Transactions at Zillow Group

In other news, insider Susan Daimler sold 3,484 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $54.18, for a total value of $188,763.12. Following the transaction, the insider now directly owns 22,464 shares of the company’s stock, valued at $1,217,099.52. The trade was a 13.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thielke Claire Cormier sold 2,826 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $61.11, for a total value of $172,696.86. Following the sale, the director now directly owns 2,826 shares of the company’s stock, valued at $172,696.86. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,591 shares of company stock valued at $11,892,886. Corporate insiders own 17.14% of the company’s stock.

About Zillow Group

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.