Amundi Sells 41,494 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Amundi decreased its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 39.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,024 shares of the technology company’s stock after selling 41,494 shares during the period. Amundi’s holdings in Zillow Group were worth $4,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Atria Investments Inc bought a new position in Zillow Group in the third quarter valued at about $231,000. GSA Capital Partners LLP boosted its stake in shares of Zillow Group by 207.2% in the 3rd quarter. GSA Capital Partners LLP now owns 15,248 shares of the technology company’s stock valued at $944,000 after purchasing an additional 10,285 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Zillow Group by 93.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 142,917 shares of the technology company’s stock valued at $8,851,000 after purchasing an additional 68,984 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Zillow Group during the 3rd quarter worth approximately $774,000. Finally, L & S Advisors Inc bought a new position in Zillow Group in the 3rd quarter valued at approximately $1,579,000. 20.32% of the stock is owned by institutional investors.

Insider Activity at Zillow Group

In related news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total value of $136,987.76. Following the completion of the sale, the chief financial officer now directly owns 99,362 shares of the company’s stock, valued at approximately $8,443,782.76. This represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jun Choo sold 1,277 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the sale, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. The trade was a 1.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,065 shares of company stock valued at $7,660,165. 17.14% of the stock is owned by company insiders.

Zillow Group Trading Up 3.2 %

ZG opened at $68.50 on Friday. The company has a fifty day moving average price of $75.03 and a two-hundred day moving average price of $69.41. Zillow Group, Inc. has a 1-year low of $38.06 and a 1-year high of $86.58. The company has a market cap of $16.62 billion, a P/E ratio of -145.74, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings results 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 return on equity of 2.12% and a negative net margin of 5.01%. On average, research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on ZG shares. Canaccord Genuity Group boosted their target price on shares of Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. KeyCorp upgraded Zillow Group from a “sector weight” rating to an “overweight” rating and set a $100.00 price objective on the stock in a research report on Monday, February 3rd. Robert W. Baird started coverage on Zillow Group in a research report on Friday, January 31st. They issued a “neutral” rating and a $88.00 target price for the company. Craig Hallum boosted their price target on Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald raised their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and an average price target of $83.00.

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.