EFG Asset Management North America Corp. Trims Stake in Zillow Group, Inc. (NASDAQ:ZG)

EFG Asset Management North America Corp. lessened its holdings in Zillow Group, Inc. (NASDAQ:ZG) by 4.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,592 shares of the technology company’s stock after selling 1,727 shares during the period. EFG Asset Management North America Corp.’s holdings in Zillow Group were worth $2,875,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ZG. Blue Trust Inc. grew its stake in Zillow Group by 70.2% in the 4th quarter. Blue Trust Inc. now owns 417 shares of the technology company’s stock worth $30,000 after buying an additional 172 shares in the last quarter. Asset Dedication LLC purchased a new position in Zillow Group in the fourth quarter worth $47,000. Assetmark Inc. increased its stake in Zillow Group by 18,875.0% in the fourth quarter. Assetmark Inc. now owns 759 shares of the technology company’s stock valued at $54,000 after acquiring an additional 755 shares during the last quarter. Jones Financial Companies Lllp raised its position in Zillow Group by 24.0% during 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 in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Zillow Group during the fourth quarter worth about $63,000. Institutional investors own 20.32% of the company’s stock.

Zillow Group Stock Performance

ZG opened at $72.30 on Tuesday. The stock’s 50 day moving average price is $75.07 and its 200-day moving average price is $70.22. Zillow Group, Inc. has a 52-week low of $38.06 and a 52-week high of $86.58. The stock has a market capitalization of $17.54 billion, a PE ratio of -153.83, a price-to-earnings-growth ratio of 8.90 and a beta of 2.33.

Zillow Group (NASDAQ:ZG) last issued 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 net margin of 5.01% and a negative return on equity of 2.12%. Research analysts forecast that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zillow Group news, COO Jun Choo sold 1,277 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.72, for a total transaction of $99,248.44. Following the completion of the transaction, the chief operating officer now owns 86,853 shares of the company’s stock, valued at approximately $6,750,215.16. This trade represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer Rock sold 5,796 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total transaction of $437,598.00. Following the completion of the sale, the chief accounting officer now directly owns 51,370 shares in the company, valued at $3,878,435. This represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,065 shares of company stock worth $7,660,165 over the last three months. Company insiders own 17.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. KeyCorp decreased their price objective on Zillow Group from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. JMP Securities increased their price target on shares of Zillow Group from $82.00 to $92.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. Robert W. Baird initiated coverage on shares of Zillow Group in a report on Friday, January 31st. They issued a “neutral” rating and a $88.00 price objective for the company. Craig Hallum upped their price objective on shares of Zillow Group from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Citigroup lifted their target price on shares of Zillow Group from $95.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.25.

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.