Zillow Group, Inc. (NASDAQ:ZG) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:ZG) by 88.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,284 shares of the technology company’s stock after selling 490,947 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Zillow Group were worth $3,857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZG. PEAK6 Investments LLC purchased a new position in shares of Zillow Group during the 3rd quarter worth $424,000. CreativeOne Wealth LLC raised its holdings in shares of Zillow Group by 164.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 179,700 shares of the technology company’s stock worth $11,129,000 after acquiring an additional 111,743 shares during the period. Cynosure Group LLC purchased a new position in shares of Zillow Group during the 3rd quarter worth $12,248,000. Bank of Montreal Can raised its holdings in shares of Zillow Group by 85.1% during the 3rd quarter. Bank of Montreal Can now owns 140,252 shares of the technology company’s stock worth $8,903,000 after acquiring an additional 64,473 shares during the period. Finally, Mirabella Financial Services LLP purchased a new position in shares of Zillow Group during the 3rd quarter worth $11,351,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on ZG shares. The Goldman Sachs Group upped their target price on shares of Zillow Group from $42.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Canaccord Genuity Group upped their target price on shares of Zillow Group from $64.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Susquehanna upped their target price on shares of Zillow Group from $55.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. Evercore ISI upped their target price on shares of Zillow Group from $55.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, JMP Securities upped their target price on shares of Zillow Group from $62.00 to $82.00 and gave the company a “market outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $72.12.

Insider Buying and Selling

In other Zillow Group news, CAO Jennifer Rock sold 3,033 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $82.78, for a total value of $251,071.74. Following the transaction, the chief accounting officer now directly owns 57,166 shares in the company, valued at $4,732,201.48. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO David A. Beitel sold 56,750 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $72.39, for a total transaction of $4,108,132.50. Following the completion of the transaction, the chief technology officer now owns 92 shares in the company, valued at $6,659.88. This represents a 99.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,140 shares of company stock worth $11,955,195. Company insiders own 17.14% of the company’s stock.

Zillow Group Stock Down 1.7 %

Shares of ZG opened at $77.40 on Friday. The company’s 50-day simple moving average is $68.43 and its 200-day simple moving average is $56.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.13 and a current ratio of 3.13. Zillow Group, Inc. has a 1 year low of $38.06 and a 1 year high of $83.67. The stock has a market capitalization of $18.08 billion, a PE ratio of -135.79 and a beta of 2.08.

Zillow Group (NASDAQ:ZG) last released its earnings results on Wednesday, November 6th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Zillow Group had a negative net margin of 6.17% and a negative return on equity of 2.33%. The firm had revenue of $581.00 million for the quarter, compared to analyst estimates of $555.45 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. Analysts forecast that Zillow Group, Inc. will post -0.34 earnings per share for the current fiscal year.

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.