Truist Financial Corp Purchases 2,506 Shares of Zillow Group, Inc. (NASDAQ:ZG)

Truist Financial Corp boosted its position in shares of Zillow Group, Inc. (NASDAQ:ZG) by 67.9% in the 4th quarter, HoldingsChannel reports. The firm owned 6,196 shares of the technology company’s stock after buying an additional 2,506 shares during the period. Truist Financial Corp’s holdings in Zillow Group were worth $439,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position 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 valued at $63,523,000 after acquiring an additional 32,766 shares in the last quarter. State Street Corp increased its position in Zillow Group by 0.4% in the 3rd quarter. State Street Corp now owns 805,279 shares of the technology company’s stock valued at $49,871,000 after acquiring an additional 2,832 shares in the last quarter. Virtu Financial LLC increased its position in Zillow Group by 132.1% in the 3rd quarter. Virtu Financial LLC now owns 208,773 shares of the technology company’s stock valued at $12,929,000 after acquiring an additional 118,830 shares in the last quarter. Cynosure Group LLC acquired a new stake in Zillow Group in the 3rd quarter valued at about $12,248,000. Finally, Mirabella Financial Services LLP acquired a new stake in Zillow Group in the 3rd quarter valued at about $11,351,000. 20.32% of the stock is owned by institutional investors.

Zillow Group Stock Down 3.2 %

Shares of ZG stock opened at $72.04 on Tuesday. The company’s fifty day simple moving average is $75.25 and its 200-day simple moving average is $68.43. The firm has a market cap of $17.47 billion, a PE ratio of -153.28, a P/E/G ratio of 8.90 and a beta of 2.09. Zillow Group, Inc. has a 12 month low of $38.06 and a 12 month high of $86.58.

Zillow Group (NASDAQ:ZG) last issued its 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 return on equity of 2.12% and a negative net margin of 5.01%. On average, equities analysts predict that Zillow Group, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zillow Group news, insider Errol G. Samuelson sold 6,967 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.72, for a total value of $541,475.24. Following the transaction, the insider now directly owns 127,467 shares in the company, valued at $9,906,735.24. The trade was a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the transaction, the chief accounting officer now owns 51,370 shares in the company, valued at $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,098 shares of company stock worth $7,911,237. Insiders own 17.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ZG. Craig Hallum lifted their price target on shares of Zillow Group from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JMP Securities lifted their price target on shares of Zillow Group from $82.00 to $92.00 and gave the stock a “market outperform” rating in a research report on Monday, December 16th. Evercore ISI lifted their price target on shares of Zillow Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Susquehanna lifted their price target on shares of Zillow Group from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of Zillow Group in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Zillow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

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.