EFG Asset Management North America Corp. Has $2.88 Million Position in Zillow Group, Inc. (NASDAQ:ZG)

EFG Asset Management North America Corp. trimmed its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,592 shares of the technology company’s stock after selling 1,727 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Zillow Group were worth $2,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirabella Financial Services LLP bought a new position in Zillow Group during the third quarter worth $11,351,000. JPMorgan Chase & Co. raised its holdings in shares of Zillow Group by 155.4% during the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after purchasing an additional 20,238 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Zillow Group by 28.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock worth $1,753,000 after purchasing an additional 5,539 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock valued at $63,523,000 after buying an additional 32,766 shares during the period. Finally, Virtu Financial LLC increased its position in Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after buying an additional 118,830 shares in the last quarter. Institutional investors own 20.32% of the company’s stock.

Insider Buying and Selling

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the 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 sale, the chief operating officer now owns 86,853 shares in the company, valued at $6,750,215.16. This represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer Rock sold 5,796 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at $3,878,435. The trade was a 10.14 % decrease in their ownership of the stock. 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 insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZG. KeyCorp cut their price target on Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Cantor Fitzgerald lifted their price target on shares of Zillow Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Benchmark upped their price objective on shares of Zillow Group from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Robert W. Baird initiated coverage on shares of Zillow Group in a report on Friday, January 31st. They set a “neutral” rating and a $88.00 price objective for the company. Finally, Bank of America upped their target price on shares of Zillow Group from $81.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.25.

Zillow Group Stock Performance

Shares of ZG stock opened at $72.30 on Tuesday. Zillow Group, Inc. has a 52 week low of $38.06 and a 52 week high of $86.58. The firm’s 50-day simple moving average is $75.07 and its two-hundred day simple moving average is $70.22. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of -153.83, a P/E/G ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative net margin of 5.01% and a negative return on equity of 2.12%. Analysts forecast that Zillow Group, Inc. will post 0.32 earnings per share for the current year.

Zillow Group 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.