Zillow Group, Inc. (NASDAQ:ZG) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in shares of Zillow Group, Inc. (NASDAQ:ZG) by 6.5% in the third quarter, HoldingsChannel reports. The fund owned 297,819 shares of the technology company’s stock after buying an additional 18,136 shares during the quarter. US Bancorp DE’s holdings in Zillow Group were worth $18,444,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ZG. Principal Financial Group Inc. purchased a new position in Zillow Group in the 1st quarter worth approximately $219,000. Fidelis Capital Partners LLC acquired a new stake in shares of Zillow Group during the 1st quarter valued at approximately $32,000. Central Pacific Bank Trust Division acquired a new stake in shares of Zillow Group during the 1st quarter valued at approximately $84,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Zillow Group during the 1st quarter valued at approximately $118,000. Finally, Duality Advisers LP raised its position in shares of Zillow Group by 36.9% during the 1st quarter. Duality Advisers LP now owns 20,455 shares of the technology company’s stock valued at $979,000 after acquiring an additional 5,510 shares in the last quarter. Hedge funds and other institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Performance

Shares of ZG stock opened at $57.67 on Friday. The stock has a 50-day simple moving average of $58.73 and a 200 day simple moving average of $49.76. Zillow Group, Inc. has a fifty-two week low of $33.23 and a fifty-two week high of $66.75. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

Zillow Group (NASDAQ:ZG) last announced its earnings results on Wednesday, August 7th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. Zillow Group had a negative return on equity of 2.50% and a negative net margin of 6.81%. The business had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $538.36 million. During the same quarter last year, the business posted ($0.05) earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts predict that Zillow Group, Inc. will post -0.33 earnings per share for the current year.

Insider Activity at Zillow Group

In related news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Amy Bohutinsky sold 20,625 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $67.23, for a total value of $1,386,618.75. Following the completion of the transaction, the director now owns 5,652 shares in the company, valued at $379,983.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Lloyd D. Frink sold 150,000 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.83, for a total value of $7,624,500.00. Following the completion of the transaction, the chairman now owns 582 shares of the company’s stock, valued at $29,583.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,999 shares of company stock worth $11,780,363 in the last quarter. 17.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ZG shares. Cantor Fitzgerald reissued a “neutral” rating and set a $47.00 price target on shares of Zillow Group in a research report on Monday, October 7th. UBS Group increased their target price on Zillow Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $62.00 target price on shares of Zillow Group in a research report on Wednesday, October 9th. Craig Hallum increased their target price on Zillow Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, DA Davidson increased their target price on Zillow Group from $52.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.53.

Zillow Group Company 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.