Prudential Financial Inc. Sells 12,431 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Prudential Financial Inc. lowered its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 34.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,353 shares of the technology company’s stock after selling 12,431 shares during the quarter. Prudential Financial Inc.’s holdings in Zillow Group were worth $1,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Zillow Group by 155.4% in the third quarter. JPMorgan Chase & Co. now owns 33,258 shares of the technology company’s stock valued at $2,060,000 after acquiring an additional 20,238 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Zillow Group by 28.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,738 shares of the technology company’s stock worth $1,753,000 after purchasing an additional 5,539 shares during the period. Virtu Financial LLC lifted its stake in Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock worth $12,929,000 after purchasing an additional 118,830 shares in the last quarter. Geode Capital Management LLC increased its stake in Zillow Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,025,060 shares of the technology company’s stock worth $63,523,000 after acquiring an additional 32,766 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Zillow Group by 136.3% in the fourth quarter. Victory Capital Management Inc. now owns 22,982 shares of the technology company’s stock valued at $1,628,000 after purchasing an additional 13,255 shares in the last quarter. Institutional investors and hedge funds own 20.32% of the company’s stock.

Analyst Upgrades and Downgrades

ZG has been the subject of a number of recent research reports. Susquehanna boosted their price objective on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Citigroup lifted their target price on shares of Zillow Group from $95.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Robert W. Baird began coverage on Zillow Group in a report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective for the company. Keefe, Bruyette & Woods upgraded shares of Zillow Group to a “hold” rating in a report on Friday, March 28th. Finally, UBS Group increased their price objective on shares of Zillow Group from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Zillow Group presently has an average rating of “Moderate Buy” and an average target price of $82.25.

Insider Transactions at Zillow Group

In other Zillow Group news, COO Jun Choo sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $78.18, for a total value of $4,299,900.00. Following the completion of the sale, the chief operating officer now owns 86,853 shares in the company, valued at approximately $6,790,167.54. The trade was a 38.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Errol G. Samuelson sold 2,854 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $73.34, for a total value of $209,312.36. Following the sale, the insider now directly owns 142,636 shares of the company’s stock, valued at $10,460,924.24. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,919 shares of company stock worth $7,869,478. 17.14% of the stock is currently owned by company insiders.

Zillow Group Trading Down 2.3 %

Shares of ZG stock opened at $65.32 on Friday. Zillow Group, Inc. has a twelve month low of $38.06 and a twelve month high of $86.58. The stock has a market cap of $15.84 billion, a P/E ratio of -138.98, a P/E/G ratio of 8.90 and a beta of 2.22. The stock has a 50 day moving average of $73.99 and a 200 day moving average of $70.91.

Zillow Group (NASDAQ:ZG) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

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.