Legal & General Group Plc Purchases 14,909 Shares of Zillow Group, Inc. $Z

Legal & General Group Plc boosted its position in Zillow Group, Inc. (NASDAQ:Z) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 685,257 shares of the financial services provider’s stock after purchasing an additional 14,909 shares during the period. Legal & General Group Plc’s holdings in Zillow Group were worth $48,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. TD Private Client Wealth LLC lifted its stake in shares of Zillow Group by 352.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 452 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 352 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Zillow Group by 288.9% during the first quarter. IFP Advisors Inc now owns 455 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 338 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Zillow Group by 58.2% during the second quarter. SBI Securities Co. Ltd. now owns 503 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 185 shares during the period. National Pension Service grew its holdings in shares of Zillow Group by 74.8% in the first quarter. National Pension Service now owns 577 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Zillow Group during the 1st quarter valued at about $49,000. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods cut their target price on shares of Zillow Group from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their target price on Zillow Group from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Bank of America increased their price target on shares of Zillow Group from $81.00 to $88.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Sanford C. Bernstein upgraded shares of Zillow Group from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research report on Wednesday, September 17th. Finally, Mizuho raised shares of Zillow Group to a “strong-buy” rating in a research note on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.14.

Zillow Group Stock Performance

Z opened at $74.08 on Wednesday. Zillow Group, Inc. has a one year low of $57.51 and a one year high of $93.88. The company has a market cap of $17.93 billion, a P/E ratio of -529.11, a PEG ratio of 28.24 and a beta of 2.10. The business’s 50-day simple moving average is $74.70 and its 200-day simple moving average is $75.87.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The business had revenue of $729.00 million during the quarter, compared to analyst estimates of $670.28 million. Zillow Group had a negative net margin of 1.29% and a negative return on equity of 0.56%. Zillow Group has set its Q4 2025 guidance at EPS. As a group, analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Zillow Group

In related news, CEO Jeremy Wacksman sold 10,855 shares of Zillow Group stock in a transaction on Friday, November 14th. The shares were sold at an average price of $69.99, for a total transaction of $759,741.45. Following the sale, the chief executive officer directly owned 134,712 shares in the company, valued at $9,428,492.88. This trade represents a 7.46% 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, CFO Jeremy Hofmann sold 25,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $89.99, for a total value of $2,249,750.00. Following the completion of the sale, the chief financial officer directly owned 84,146 shares of the company’s stock, valued at $7,572,298.54. The trade was a 22.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 144,219 shares of company stock worth $11,730,526. Insiders own 23.76% 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.