Thrivent Financial for Lutherans Has $6.40 Million Stock Holdings in Zillow Group, Inc. (NASDAQ:ZG)

Thrivent Financial for Lutherans reduced its position in Zillow Group, Inc. (NASDAQ:ZG) by 36.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 90,386 shares of the technology company’s stock after selling 52,531 shares during the period. Thrivent Financial for Lutherans’ holdings in Zillow Group were worth $6,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Zillow Group by 70.2% in the fourth quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock valued at $30,000 after acquiring an additional 172 shares during the last quarter. Asset Dedication LLC bought a new position in shares of Zillow Group in the 4th quarter worth $47,000. Assetmark Inc. grew its stake in shares of Zillow Group by 18,875.0% during the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock worth $54,000 after purchasing an additional 755 shares during the period. Jones Financial Companies Lllp increased its holdings in 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. Finally, Daiwa Securities Group Inc. acquired a new position in Zillow Group in the fourth quarter valued at about $63,000. Institutional investors own 20.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ZG. Citigroup lifted their price objective on shares of Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Stephens reissued an “overweight” rating and set a $73.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. Piper Sandler lowered their price objective on shares of Zillow Group from $93.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. JMP Securities lifted their target price on Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 target price on shares of Zillow Group in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Zillow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.25.

Zillow Group Trading Up 0.7 %

Shares of ZG opened at $69.78 on Monday. The stock has a market capitalization of $16.93 billion, a PE ratio of -148.47, a P/E/G ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58. The firm’s 50 day moving average is $74.99 and its 200-day moving average is $70.08.

Zillow Group (NASDAQ:ZG) last issued 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%. Equities research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the transaction, the chief operating officer now directly owns 86,853 shares in the company, valued at approximately $6,790,167.54. This represents a 38.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Hofmann sold 1,612 shares of Zillow Group stock in a transaction 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 transaction, the chief financial officer now owns 99,362 shares in the company, valued at approximately $8,443,782.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,065 shares of company stock worth $7,660,165. Insiders own 17.14% of the company’s stock.

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.