Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by L & S Advisors Inc

L & S Advisors Inc decreased its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,096 shares of the technology company’s stock after selling 1,404 shares during the quarter. L & S Advisors Inc’s holdings in Zillow Group were worth $1,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Zillow Group in the 4th quarter worth approximately $165,326,000. Long Corridor Asset Management Ltd lifted its stake in shares of Zillow Group by 5.6% during the fourth quarter. Long Corridor Asset Management Ltd now owns 59,395 shares of the technology company’s stock worth $4,208,000 after buying an additional 3,146 shares during the period. Virtu Financial LLC lifted its stake in shares of Zillow Group by 101.3% during the fourth quarter. Virtu Financial LLC now owns 420,255 shares of the technology company’s stock worth $29,775,000 after buying an additional 211,482 shares during the period. Summit Global Investments purchased a new stake in shares of Zillow Group during the fourth quarter valued at $364,000. Finally, Royal London Asset Management Ltd. increased its position in shares of Zillow Group by 20.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 15,270 shares of the technology company’s stock valued at $1,082,000 after acquiring an additional 2,633 shares during the period. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Errol G. Samuelson sold 2,854 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the sale, the insider now owns 142,636 shares of the company’s stock, valued at approximately $10,460,924.24. This represents a 1.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jun Choo sold 55,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $78.18, for a total transaction of $4,299,900.00. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 98,919 shares of company stock worth $7,869,478. Corporate insiders own 17.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ZG shares. Stephens reiterated an “overweight” rating and set a $73.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Susquehanna upped their target price on Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a “hold” rating in a report on Friday. Benchmark upped their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, Piper Sandler cut their price objective on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.25.

Zillow Group Stock Performance

Zillow Group stock opened at $67.20 on Friday. The stock has a market capitalization of $16.30 billion, a P/E ratio of -142.98, a P/E/G ratio of 8.90 and a beta of 2.33. The company’s fifty day moving average price is $74.84 and its 200 day moving average price is $70.57. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $86.58.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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 predict that Zillow Group, Inc. will post 0.32 EPS for the current year.

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.