10,000 Shares in Zillow Group, Inc. $ZG Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new stake in Zillow Group, Inc. (NASDAQ:ZG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the technology company’s stock, valued at approximately $685,000.

A number of other large investors have also recently bought and sold shares of ZG. National Bank of Canada FI boosted its position in Zillow Group by 79.4% in the first quarter. National Bank of Canada FI now owns 488 shares of the technology company’s stock valued at $33,000 after buying an additional 216 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Zillow Group by 33.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the technology company’s stock valued at $75,000 after buying an additional 280 shares during the last quarter. GAMMA Investing LLC boosted its position in Zillow Group by 38.0% in the first quarter. GAMMA Investing LLC now owns 1,828 shares of the technology company’s stock valued at $122,000 after buying an additional 503 shares during the last quarter. Assetmark Inc. boosted its position in Zillow Group by 207.0% in the second quarter. Assetmark Inc. now owns 1,980 shares of the technology company’s stock valued at $136,000 after buying an additional 1,335 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Zillow Group by 22.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,312 shares of the technology company’s stock valued at $221,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Insider Activity at Zillow Group

In other Zillow Group news, CTO David A. Beitel sold 22,510 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $90.97, for a total value of $2,047,734.70. Following the completion of the sale, the chief technology officer directly owned 144,549 shares of the company’s stock, valued at $13,149,622.53. This trade represents a 13.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jun Choo sold 25,575 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $91.06, for a total value of $2,328,859.50. Following the completion of the sale, the chief operating officer directly owned 114,129 shares of the company’s stock, valued at $10,392,586.74. This trade represents a 18.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 657,087 shares of company stock worth $56,286,479 over the last 90 days. Corporate insiders own 17.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on ZG shares. Gordon Haskett upgraded Zillow Group from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, October 3rd. JMP Securities reissued a “market outperform” rating and issued a $87.00 price target on shares of Zillow Group in a report on Thursday, September 25th. Wells Fargo & Company cut their target price on shares of Zillow Group from $75.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday, September 11th. Canaccord Genuity Group lifted their target price on shares of Zillow Group from $76.00 to $84.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $92.00 target price (up from $90.00) on shares of Zillow Group in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Zillow Group currently has an average rating of “Moderate Buy” and a consensus price target of $87.42.

Zillow Group Stock Up 4.0%

Shares of ZG opened at $71.53 on Monday. Zillow Group, Inc. has a 52-week low of $55.22 and a 52-week high of $90.22. The firm’s fifty day moving average is $76.77 and its two-hundred day moving average is $72.94. The stock has a market cap of $17.33 billion, a PE ratio of -275.12, a price-to-earnings-growth ratio of 23.55 and a beta of 2.11.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Thursday, October 30th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The business had revenue of $676.00 million for the quarter, compared to analyst estimates of $670.28 million. During the same period last year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. Zillow Group has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Zillow Group, Inc. will post 0.32 earnings per share 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.