Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lessened its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 63.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,807 shares of the technology company’s stock after selling 6,747 shares during the quarter. Headlands Technologies LLC’s holdings in Zillow Group were worth $270,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after buying an additional 172 shares during the period. Asset Dedication LLC acquired a new stake in shares of Zillow Group during the fourth quarter worth about $47,000. Assetmark Inc. boosted its stake in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after purchasing an additional 755 shares during the period. Jones Financial Companies Lllp increased its stake in Zillow Group by 24.0% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock worth $58,000 after buying an additional 159 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in Zillow Group during the 4th quarter worth approximately $63,000. 20.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Jeremy Hofmann sold 1,612 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total transaction of $136,987.76. Following the transaction, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the 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 transaction, the insider now owns 142,636 shares of the company’s stock, valued at $10,460,924.24. This represents a 1.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock valued at $7,869,478 over the last ninety days. Corporate insiders own 17.14% of the company’s stock.

Zillow Group Trading Down 2.3 %

NASDAQ:ZG opened at $65.32 on Friday. Zillow Group, Inc. has a 12-month low of $38.06 and a 12-month high of $86.58. The stock’s 50 day simple moving average is $73.99 and its 200-day simple moving average is $70.84. The firm has a market cap of $15.84 billion, a P/E ratio of -138.98, a PEG ratio of 8.90 and a beta of 2.22.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ZG. DA Davidson boosted their price target on shares of Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Robert W. Baird initiated coverage on Zillow Group in a research report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price target on the stock. Citigroup lifted their price objective on Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Susquehanna upped their target price 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. Finally, Keefe, Bruyette & Woods upgraded Zillow Group to a “hold” rating in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

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.