Zillow Group, Inc. (NASDAQ:ZG) Holdings Cut by Fayez Sarofim & Co

Fayez Sarofim & Co decreased its stake in Zillow Group, Inc. (NASDAQ:ZG) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 377,115 shares of the technology company’s stock after selling 28,253 shares during the period. Fayez Sarofim & Co owned 0.16% of Zillow Group worth $26,719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZG. Pilgrim Partners Asia Pte Ltd purchased a new position in Zillow Group in the 4th quarter worth about $27,000. Blue Trust Inc. increased its stake in shares of Zillow Group by 70.2% during the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after purchasing an additional 172 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Zillow Group in the fourth quarter worth about $47,000. Assetmark Inc. raised its position in shares of Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after purchasing an additional 755 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Zillow Group by 24.0% in the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the technology company’s stock valued at $58,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ZG. Stephens restated an “overweight” rating and set a $73.00 price objective on shares of Zillow Group in a report on Wednesday, February 12th. Citigroup reduced their price objective on Zillow Group from $98.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Piper Sandler lowered their price objective on Zillow Group from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird initiated 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. Finally, Susquehanna increased their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.05.

Zillow Group Stock Up 0.1 %

ZG opened at $61.49 on Monday. The stock has a market cap of $14.91 billion, a P/E ratio of -130.83, a P/E/G ratio of 8.90 and a beta of 2.22. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The company has a fifty day simple moving average of $69.22 and a 200 day simple moving average of $70.77.

Zillow Group (NASDAQ:ZG) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Errol G. Samuelson sold 2,854 shares of Zillow Group stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total transaction of $209,312.36. Following the completion of the transaction, the insider now owns 142,636 shares in the company, valued at approximately $10,460,924.24. This trade represents a 1.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jun Choo sold 1,277 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,919 shares of company stock worth $7,869,478 over the last quarter. 17.14% of the stock is currently owned by company insiders.

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.