EFG Asset Management North America Corp. Buys 4,764 Shares of Zillow Group, Inc. $ZG

EFG Asset Management North America Corp. increased its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 11.0% in the second quarter, Holdings Channel reports. The firm owned 48,009 shares of the technology company’s stock after buying an additional 4,764 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Zillow Group were worth $3,288,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Zillow Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,002,693 shares of the technology company’s stock worth $468,200,000 after buying an additional 57,693 shares during the last quarter. Independent Franchise Partners LLP increased its stake in shares of Zillow Group by 1.8% in the 1st quarter. Independent Franchise Partners LLP now owns 2,060,399 shares of the technology company’s stock valued at $137,758,000 after acquiring an additional 36,046 shares during the last quarter. Millennium Management LLC raised its position in shares of Zillow Group by 110.8% in the 1st quarter. Millennium Management LLC now owns 290,999 shares of the technology company’s stock valued at $19,456,000 after acquiring an additional 152,955 shares during the period. Northern Trust Corp boosted its stake in Zillow Group by 0.7% during the 1st quarter. Northern Trust Corp now owns 248,737 shares of the technology company’s stock worth $16,631,000 after acquiring an additional 1,659 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Zillow Group by 3.9% during the 1st quarter. Raymond James Financial Inc. now owns 218,732 shares of the technology company’s stock worth $14,624,000 after acquiring an additional 8,197 shares during the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Zillow Group Stock Performance

ZG opened at $69.92 on Wednesday. Zillow Group, Inc. has a fifty-two week low of $55.22 and a fifty-two week high of $90.22. The company has a market capitalization of $16.94 billion, a P/E ratio of -268.92, a P/E/G ratio of 23.55 and a beta of 2.11. The stock has a fifty day moving average of $76.27 and a 200-day moving average of $73.07.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Zillow Group had a negative return on equity of 1.26% and a negative net margin of 2.60%.The business had revenue of $676.00 million during the quarter, compared to analyst estimates of $670.28 million. During the same quarter last year, the firm earned $0.35 EPS. Zillow Group’s revenue for the quarter was up 16.4% compared to the same quarter last year. Zillow Group has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director April Underwood sold 3,621 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $90.12, for a total transaction of $326,324.52. Following the completion of the sale, the director directly owned 483 shares in the company, valued at $43,527.96. This represents a 88.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jun Choo sold 25,575 shares of Zillow Group stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $91.06, for a total transaction of $2,328,859.50. Following the sale, the chief operating officer directly owned 114,129 shares in the company, valued at $10,392,586.74. This trade represents a 18.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 657,087 shares of company stock valued at $56,286,479. Company insiders own 17.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ZG shares. Benchmark reaffirmed a “buy” rating on shares of Zillow Group in a research note on Friday. Sanford C. Bernstein restated an “outperform” rating on shares of Zillow Group in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zillow Group in a research note on Wednesday, October 8th. Piper Sandler reiterated an “overweight” rating and set a $85.00 target price (down from $94.00) on shares of Zillow Group in a report on Friday, October 31st. Finally, Barclays restated an “underweight” rating and issued a $66.00 price target (up from $60.00) on shares of Zillow Group in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.42.

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.