Independent Franchise Partners LLP Has $143.43 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Independent Franchise Partners LLP trimmed its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,024,353 shares of the technology company’s stock after selling 17,446 shares during the quarter. Zillow Group comprises 1.1% of Independent Franchise Partners LLP’s portfolio, making the stock its 21st biggest holding. Independent Franchise Partners LLP owned 0.87% of Zillow Group worth $143,425,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Zillow Group in the fourth quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after acquiring an additional 172 shares during the period. Asset Dedication LLC acquired a new position in Zillow Group during the 4th quarter worth $47,000. Assetmark Inc. boosted its holdings in Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after acquiring an additional 755 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Zillow Group by 24.0% in the fourth quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after purchasing an additional 159 shares during the last quarter. 20.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZG has been the topic of a number of research analyst reports. Robert W. Baird began coverage on Zillow Group in a report on Friday, January 31st. They issued a “neutral” rating and a $88.00 target price on the stock. Cantor Fitzgerald raised their price objective on shares of Zillow Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Benchmark upped their target price on shares of Zillow Group from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods raised shares of Zillow Group to a “hold” rating in a report on Friday, March 28th. Finally, Citigroup boosted their price objective on shares of Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.60.

Insider Activity

In related news, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value 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 $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeremy Hofmann sold 1,612 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $84.98, for a total transaction of $136,987.76. Following the completion of the transaction, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,919 shares of company stock worth $7,869,478. Insiders own 17.14% of the company’s stock.

Zillow Group Price Performance

Zillow Group stock opened at $60.28 on Friday. The firm has a market capitalization of $14.62 billion, a P/E ratio of -128.26, a P/E/G ratio of 8.90 and a beta of 2.22. The stock has a fifty day moving average price of $71.45 and a two-hundred day moving average price of $70.74. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) 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, equities research analysts predict that Zillow Group, Inc. will post 0.32 EPS for the current fiscal 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.