PGGM Investments Sells 4,151 Shares of Zillow Group, Inc. (NASDAQ:ZG)

PGGM Investments decreased its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,441 shares of the technology company’s stock after selling 4,151 shares during the period. PGGM Investments’ holdings in Zillow Group were worth $3,201,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ZG. GAMMA Investing LLC bought a new position in Zillow Group in the fourth quarter worth approximately $26,000. Creative Financial Designs Inc. ADV bought a new position in Zillow Group in the fourth quarter worth approximately $31,000. CWM LLC boosted its holdings in Zillow Group by 100.0% in the third quarter. CWM LLC now owns 1,222 shares of the technology company’s stock worth $55,000 after acquiring an additional 611 shares in the last quarter. AtonRa Partners bought a new position in Zillow Group in the third quarter worth approximately $206,000. Finally, Pathstone Family Office LLC bought a new position in Zillow Group in the third quarter worth approximately $217,000. Institutional investors own 20.32% of the company’s stock.

Insiders Place Their Bets

In other Zillow Group news, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the sale, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Jeremy Hofmann sold 7,813 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $54.76, for a total value of $427,839.88. Following the completion of the transaction, the chief financial officer now directly owns 137,347 shares of the company’s stock, valued at $7,521,121.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Errol G. Samuelson sold 4,219 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $49.60, for a total value of $209,262.40. Following the completion of the transaction, the insider now directly owns 168,863 shares of the company’s stock, valued at $8,375,604.80. The disclosure for this sale can be found here. Insiders sold 171,289 shares of company stock valued at $9,642,508 over the last ninety days. 17.14% of the stock is currently owned by insiders.

Zillow Group Price Performance

Shares of ZG opened at $43.13 on Monday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $48.50 and a 200 day moving average of $47.65. Zillow Group, Inc. has a 12 month low of $33.23 and a 12 month high of $59.23.

Zillow Group (NASDAQ:ZG) last released its earnings results on Tuesday, February 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Zillow Group had a negative return on equity of 2.32% and a negative net margin of 8.12%. The business had revenue of $474.00 million during the quarter, compared to the consensus estimate of $450.75 million. As a group, analysts expect that Zillow Group, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZG has been the subject of several analyst reports. Barclays increased their price objective on Zillow Group from $32.00 to $40.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 21st. JMP Securities reissued a “market outperform” rating and issued a $68.00 price objective on shares of Zillow Group in a research note on Friday, April 12th. Susquehanna increased their price objective on Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price objective on shares of Zillow Group in a research note on Tuesday, March 5th. Finally, Benchmark increased their price objective on Zillow Group from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $58.79.

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.