Amundi Sells 41,494 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Amundi lessened its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 39.7% in the fourth quarter, Holdings Channel reports. The firm owned 63,024 shares of the technology company’s stock after selling 41,494 shares during the period. Amundi’s holdings in Zillow Group were worth $4,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ZG. Atria Investments Inc purchased a new position in shares of Zillow Group in the 3rd quarter worth about $231,000. GSA Capital Partners LLP raised its position in Zillow Group by 207.2% in the third quarter. GSA Capital Partners LLP now owns 15,248 shares of the technology company’s stock worth $944,000 after acquiring an additional 10,285 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Zillow Group by 93.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 142,917 shares of the technology company’s stock valued at $8,851,000 after acquiring an additional 68,984 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Zillow Group during the 3rd quarter worth approximately $774,000. Finally, L & S Advisors Inc bought a new stake in shares of Zillow Group in the 3rd quarter worth approximately $1,579,000. 20.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zillow Group

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

Analyst Ratings Changes

ZG has been the subject of a number of recent research reports. Canaccord Genuity Group raised their target price on Zillow Group from $64.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. DA Davidson lifted their price objective on Zillow Group from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Citigroup upped their price objective on shares of Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, February 13th. UBS Group lifted their target price on shares of Zillow Group from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Bank of America upped their price target on shares of Zillow Group from $81.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Zillow Group Stock Performance

Shares of NASDAQ:ZG opened at $68.50 on Friday. The firm has a market capitalization of $16.62 billion, a PE ratio of -145.74, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58. The firm has a fifty day moving average of $75.03 and a 200 day moving average of $69.41.

Zillow Group (NASDAQ:ZG) last posted its quarterly earnings data on Tuesday, February 11th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

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.